conditions also have higher capital ratios, consistent with a “precautionary” view of bank capital, though this behavior is …

Operational risk is fundamentally different from all other risks taken on by a bank. It is embedded in every activity …. First, address model fragility directly through regulatory anchoring of key model parameters, yet allow each bank to scale …

narrative identification of banking crises in Spain. Afterwards, we run a proper econometric test to analyze bank capital levels …In this paper, we analyze the role bank capital played in systemic banking crises and in lending expansion and … contraction for nearly 150 years in Spain. We first build a measure of capital ratio (i.e., the capital to assets ratio) for Spain …