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The Resource The right balance for banks : theory and evidence on optimal capital requirements, William R. Cline

The right balance for banks : theory and evidence on optimal capital requirements, William R. Cline

Label
The right balance for banks : theory and evidence on optimal capital requirements
Title
The right balance for banks
Title remainder
theory and evidence on optimal capital requirements
Statement of responsibility
William R. Cline
Creator
Subject
Language
eng
Summary
The global financial crisis produced an important agreement among regulators in 2010–11 to raise capital requirements for banks to protect them from insolvency in the event of another emergency. Cline employs sophisticated economic models to analyze whether these reforms, embodied in the Third Basel Accord, have gone far enough. He calculates how much higher bank capital reduces the risk of banking crises, providing a benefit to the economy. On the cost side, he estimates how much higher capital requirements raise the lending rate facing firms, reducing investment in plant and equipment and thus reducing output in the economy. Applying a plausible range of parameters, Cline arrives at estimates for the optimal level of equity capital relative to total bank assets. This study also challenges the recent "too much finance" literature, which holds that in advanced countries banking sectors are already too large and are curbing growth.--
Member of
Assigning source
Provided by Publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Cline, William R
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
Series statement
Policy analyses in international economics
Series volume
107
http://library.link/vocab/subjectName
  • Bank capital
  • Banks and banking
  • Bank failures
  • Financial crises
Label
The right balance for banks : theory and evidence on optimal capital requirements, William R. Cline
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Overview -- A survey of literature on optimal capital requirements for banks -- Testing the Modigliani-Miller theorem of capital structure irrelevance -- For banks -- Benefits and costs of higher capital requirements for banks -- Total loss-absorbing capacity (TLAC) for large banks -- A critical evaluation of the "too much finance" literature -- References
Control code
ocn950448766
Dimensions
23 cm.
Extent
xiii, 241 pages
Isbn
9780881327212
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)950448766
Label
The right balance for banks : theory and evidence on optimal capital requirements, William R. Cline
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Overview -- A survey of literature on optimal capital requirements for banks -- Testing the Modigliani-Miller theorem of capital structure irrelevance -- For banks -- Benefits and costs of higher capital requirements for banks -- Total loss-absorbing capacity (TLAC) for large banks -- A critical evaluation of the "too much finance" literature -- References
Control code
ocn950448766
Dimensions
23 cm.
Extent
xiii, 241 pages
Isbn
9780881327212
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)950448766

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