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| Author: | Billings, M. Capie, F. |
| Title: | Capital in British Banking, 1920-1970 |
| Journal: | Business history
2007 : MAR, VOL. 49:2, p. 139-162 |
| Index terms: | banks banking capital capital adequacy history |
| Language: | eng |
| Abstract: | This paper uses archival evidence to reveal the capital ratios of several major British banks for much of the twentieth century. It also demonstrates how these ratios were influenced by official restrictions. The analysis shows that the banks maintained much higher levels of capital than implied by their published accounts and the impact of official restrictions was to force them to operate with lower capital ratios than they desired. Finally it is argued that capital ratios were neither achieved nor maintained at the expense of reduced or less risky lending. |
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