to be larger at banks more constrained ex ante by the leverage limit. Despite increased asset risk, overall bank risk … suggest that the recent recalibration will curb those incentives without necessarily increasing bank risk. …

Bank capital regulation seems to be today's most accepted regulatory instrument. The reasoning is that limited …

disciplining role are based on inadequate theory lacking empirical support. We conclude that bank equity is not socially expensive …. -- capital regulation ; financial institutions ; capital structure ; "too big to fail" ; systemic risk ; bank equity ; contingent …