The paper shows that mispriced deposit insurance and capital regulation were of second-
order importance in determining the capital structure of large US and European banks …

We examine the relation between capital and liquidity creation. This issue is interesting
because of the potential impact on liquidity creation from tighter capital requirements such …

Prior to the financial crisis of 2007-2008, economists thought that no such crisis could or
would ever happen again in the United States, that financial events of such magnitude were …

This paper examines the impact of bank capital ratios on bank lending by comparing
differences in loan growth to differences in capital ratios at sets of banks that are matched …

This paper shows that a reduction in tax discrimination between debt and equity funding
leads to better capitalized financial institutions. The paper exploits exogenous variation in …

Abstract The Equator Principles (EP) provide banks with environmental guidelines for
project finance. Distinguishing between banks from developed and developing countries …

Empirical studies provide evidence that bank capital ratios exceed regulatory requirements.
But why do banks maintain capital levels above regulatory requirements? We use data for …

Using a wide range of macroeconomic and econometric models we assess the long‐term
economic impact of the Basel III reform. Our main results are the following.(1) The economic …

Using an international sample of large banks between 2000 and 2010, we evaluate the risk
sensitivity of minimum capital requirements. Our results show that risk-weighted assets (the …

We examine the dynamic behavior of bank capital using a global sample of 64 countries
during the 1994–2010 period. Banks achieve deleveraging primarily through equity growth …