Pfeifer, Lukáš; Pikhart, Zdeněk - In: Journal of Central Banking Theory and Practice 8 (2019) 2, pp. 129-146
The article deals with the procyclical development of risk weights and hence the risk-weighted capital ratio. The leverage ratio should be included in the regulatory reform package (CRR2) as a (non-risk-weighted) prudential backstop. The article defines the complementary relationship of capital...