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Bank leverage, welfare, and regulation
Admati, Anat R.; Hellwig, Martin - 2018
because it reflects special liquidity benefits of bank debt. Even aside from neglecting the systemic damage to the economy …
Persistent link: https://www.econbiz.de/10011925841
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Bank leverage, welfare, and regulation
Admati, Anat R.; Hellwig, Martin - 2018 - Revised January 14, 2019
it reflects special liquidity benefits of bank debt. Even aside from neglecting the systemic damage to the economy that …
Persistent link: https://www.econbiz.de/10011977827
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Equity versus bail-in debt in banking : an agency perspective
Mendicino, Caterina; Nikolov, Kalin; Suárez, Javier - 2017
We examine the optimal size and composition of banks' total loss absorbing capacity (TLAC). Optimal size is driven by the trade-off between providing liquidity services through deposits and minimizing deadweight default costs. Optimal composition (equity vs. bail-in debt) is driven by the...
Persistent link: https://www.econbiz.de/10011978192
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Fire sale bank recapitalizations
Bertsch, Christoph; Mariathasan, Mike - 2015
imperfectly elastic supply of bank equity stemming from financial market segmentation. In our model, equity is costly and serves … and the design of bank stress testing. …
Persistent link: https://www.econbiz.de/10011341895
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Capital requirements, market structure, and heterogeneous banks
Müller, Carola - Leibniz-Institut für Wirtschaftsforschung Halle - 2022
Bank regulators interfere with the efficient allocation of resources for the sake of financial stability. Based on this …
Persistent link: https://www.econbiz.de/10013198370
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Cost of Equity, Enterprise Value and Capital Regulation of Banking Firms
Masera, Rainer - 2013
must be carefully analysed before endorsing the general statement that “bank equity is not expensive”. In fact, specific … argue that market prices (notably price-to-book ratios) should play a primary role in bank supervision. To support our …-shifting phenomena on banks' assets, notably when price-to-book values are below one, may increase the overall risk of the bank, and …
Persistent link: https://www.econbiz.de/10013089413
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Does a Leverage Ratio Requirement Increase Bank Stability?
Kiema, Ilkka - 2014
the LRR is no longer the binding capital constraint on them. If the LRR is lower than the average bank's IRB requirement …
Persistent link: https://www.econbiz.de/10013054089
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Basel III capital requirements and heterogeneous banks
Müller, Carola - 2018 - This version: October 2018
I develop a theoretical model to examine the effect of capital requirements on risk taking and market structure of banks. Within a portfolio choice model, I allow for heterogeneous productivity among banks and consider the simultaneous capital regulation with a leverage ratio and a risk-weighted...
Persistent link: https://www.econbiz.de/10011888053
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Basel III capital requirements and heterogeneous banks
Müller, Carola - 2018 - This version: October 2018
I develop a theoretical model to examine the effect of capital requirements on risk taking and market structure of banks. Within a portfolio choice model, I allow for heterogeneous productivity among banks and consider the simultaneous capital regulation with a leverage ratio and a risk-weighted...
Persistent link: https://www.econbiz.de/10011933372
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How Do Banks Adapt Their Asset Holdings to Binding Leverage Ratio and Liquidity Requirements under Basel III?
Ita, Andreas - 2017
Over the last years, the capital regulation of banks under the Basel framework has undergone a fundamental review. In parallel to the implementation of Basel III, a non-risk-sensitive leverage ratio and new liquidity standards are introduced. I study the combined impact of the new regime on the...
Persistent link: https://www.econbiz.de/10012967019