Birn, Martin; de Bandt, Olivier; Firestone, Simon; … - In: Journal of Risk and Financial Management 13 (2020) 4, pp. 1-25
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 … assessment, this paper finds that the net macroeconomic benefits of capital requirements are positive over a wide range of …