The effectiveness of bank capital adequacy regulation: A theoretical and empirical approach

被引：44

作者：

Barrios, VE ^{[1
]}

Blanco, JM ^{[1
]}

机构：

[1] Univ Valencia, Dept Anal Econ, Valencia 46022, Spain

来源：

JOURNAL OF BANKING & FINANCE | 2003年 / 27卷 / 10期

关键词：

capital ratio; capital adequacy regulation; disequilibrium model;

D O I：

10.1016/S0378-4266(02)00311-4

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

The aim of this paper is to analyse how banking firms set their capital ratios, that is, the rate of equity capital over assets. In order to study this issue, two theoretical models are developed. Both models demonstrate the existence of an optimal capital ratio; the first one for firms not affected by capital adequacy regulation, the second one for firms which are. The models have been tested by estimating a disequilibrium model using data from Spanish commercial banks. (C) 2003 Elsevier B.V. All rights reserved.

引用

页码：1935 / 1958

页数：24

共 39 条

[1]

Acharya V., 2001, A theory of systemic risk and design of prudential bank regulation

[2]

ACHARYA VV, 1908, IS INT CONVERGENCE C

[3] The impact of FDICIA and prompt corrective action on bank capital and risk: Estimates using a simultaneous equations model [J].