Kane, Edward J.; Demirguc-Kunt, Asli; Unal, Haluk - National Bureau of Economic Research (NBER) - 1990
This paper measures and analyzes two types of hidden capital at Japanese banks: (1) the net undervaluation present in accounting measures of on-balance-sheet assets and liabilities and (2) the net economic value of off-balance-sheet items. A model is constructed that explains changes in both...