empirical support. We conclude that bank equity is not socially expensive, and that high leverage at the levels allowed, for … challenges are addressed, capital regulation can be a powerful tool for enhancing the role of banks in the economy. …

. -- capital regulation ; financial institutions ; capital structure ; "too big to fail" ; systemic risk ; bank equity ; contingent … disciplining role are based on inadequate theory lacking empirical support. We conclude that bank equity is not socially expensive … remaining challenges are addressed, capital regulation can be a powerful tool for enhancing the role of banks in the economy …

lacking empirical support.We conclude that bank equity is not socially expensive, and that high leverage at the levels allowed … remaining challenges are addressed, capital regulation can be a powerful tool for enhancing the role of banks in the economy …

to discipline bank managers who would otherwise make suboptimal or wasteful investment decisions. We propose a way to …

disciplining role are based on inadequate theory lacking empirical support. We conclude that bank equity is not socially expensive … remaining challenges are addressed, capital regulation can be a powerful tool for enhancing the role of banks in the economy. …

I study the association between bank financial reporting opacity, measured by delayed expected loan loss recognition …, and the intervention decisions made by bank regulators. Examining U.S. commercial banks during the 2007-2009 financial … the extant literature on bank opacity, regulatory forbearance, and the consequences of loan loss provisioning by …

We present a simple model to study the risk sensitivity of capital regulation. A banker funds investment with uninsured … banks attract cheaper deposit funding and require less capital. With a noisy signal, risk-sensitive capital regulation can …