This paper reviews the theoretical literature on bank capital regulation and analyzes some of
the approaches to redesigning the 1988 Basel Accord on capital standards. The paper starts …

Financial crises impose large and persistent social costs, making banking stability important.
This article reviews the central issues surrounding the role bank capital plays in financial …

Purpose Among all of the world's continents, Asia is the most important continent and
contributes 60% of world growth but facing the serving issue of high nonperforming loans …

One aim of post-crisis monetary policy has been to ease credit conditions for borrowers by
unlocking bank lending. We find that bank equity is an important determinant of both the …

Few areas of monetary economics have been studied as extensively as the transmission
mechanism. The literature on this topic has evolved substantially over the years, following …

The second edition of an essential text on the microeconomic foundations of banking
surveys the latest research in banking theory, with new material that covers recent …

In recent decades, developments in the financial sector have played a major role in shaping
macroeconomic outcomes in a wide range of countries. Financial developments have …

Over the last decade or so, addressing financial instability has risen to the top of the policy
agenda. This essay argues that in order to improve the safeguards against financial …

Empirical evidence suggests that banks hold capital in excess of regulatory minimums. This
did not prevent the financial crisis and underlines the importance of understanding bank …

In a dynamic framework it is shown that capital adequacy rules may increase a bank's
riskiness. In addition to the standard negative effect of rents on risk attitudes of banks a …