An important role for bank capital is that of a buffer against unexpected losses. As uncertainty about these losses … increases, the theory predicts an increase in the optimal level of bank capital. This paper investigates this implication … reduction in bank capital ratios of slightly over 1 percentage point. However, I also find suggestive evidence that the …

low-income countries, by exploring bank-level data provided by Bankscope. The paper examines three key channels of …

financial sector competition, while plugging some significant gaps in Europe''s financial stability framework without …

overshooting of the financial system significantly beyond levels predicted by its structural fundamentals is associated with credit …

comparator block in the Eastern Caribbean. Using bank-level data, we find that countries with a high level of operating costs, a … operating costs are associated with low measures of institutional quality and a small size of bank operations. We find support …

the probability of financial crisis. It finds that greater tax bias is associated with significantly higher aggregate bank …