Birn, Martin; de Bandt, Olivier; Firestone, Simon; … - In: Journal of Risk and Financial Management 13 (2020) 4, pp. 1-25
crisis reforms, such as liquidity regulations and bank resolution regimes, in reducing the probability and costs of future … the macroeconomic benefits and costs of higher capital requirements. Consistent with the Basel Committee's original … optimal level of capital requirements—where marginal benefits equal marginal costs—is likely either similar to, or …