search query: @author Hovakiman, A. / total: 1
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| Author: | Hovakiman, A. Kane, E. |
| Title: | Effectiveness of capital regulation at U.S. commercial banks, 1985 to 1994 |
| Journal: | Journal of Finance
2000 : FEB, VOL. 55:1, p. 451-468 |
| Index terms: | FINANCE EFFECTIVENESS CAPITAL |
| Language: | eng |
| Abstract: | Unless priced and administered appropriately, a governmental safety net enhances risk-shifting opportunities for banks. This paper quantifies regulatory efforts to use capital requirements to control risk-shifting by U.S. banks during 1985 to 1994 and investigates how much risk-based capital requirements and other deposit-insurance reforms improved this control. The authors find that capital discipline did not prevent large banks from shifting risk onto the safety net. |
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