haku: @author Rob, R. / yhteensä: 15
viite: 7 / 15
| Tekijä: | Calem, P. Rob, R. |
| Otsikko: | The impact of capital-based regulation on bank risk-taking |
| Lehti: | Journal of Financial Intermediation
1999 : OCT, VOL. 8:4, p. 317-352 |
| Asiasana: | FINANCIAL INTERMEDIARIES CAPITAL REGULATIONS |
| Kieli: | eng |
| Tiivistelmä: | In this paper the authors model the dynamic portfolio choice problem facing banks, calibrate the model using empirical data from the banking industry for 1984-1993, and assess quantitatively the impact of recent regulatory developments related to bank capital. The model implies a U-shaped relationship between capital and risk-taking: as a bank's capital increases it first takes less risk, then more risk. A deposit insurance premium surcharge on undercapitalized banks induces them to take more risk. |
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