عنوان

The right balance for banks :

(Number (ISBN

0881327220

(Number (ISBN

9780881327229

Erroneous ISBN

9780881327212

Title Proper

The right balance for banks :

General Material Designation

[Book]

Other Title Information

theory and evidence on optimal capital requirements /

First Statement of Responsibility

William R. Cline.

Place of Publication, Distribution, etc.

Washington, DC :

Name of Publisher, Distributor, etc.

Peterson Institute for International Economics,

Date of Publication, Distribution, etc.

[2016]

Date

1703

Specific Material Designation and Extent of Item

1 online resource

Text of Note

Includes bibliographical references.

Text of Note

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.

0

Text of Note

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. In this book, William R. Cline, a leading expert on the global financial system, 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.

Title

Right balance for banks.

International Standard Book Number

9780881327212

Asset requirements.

Bank capital.

Bank failures-- Prevention.

Banks and banking.

Financial crises-- Prevention.

Asset requirements.

Bank capital.

Banks and banking.

BUSINESS & ECONOMICS-- Banks & Banking.

Financial crises-- Prevention.

Number

Edition

Class number

Cline, William R.

Date of Transaction

20200822143322.0

Cataloguing Rules (Descriptive Conventions))

pn

Electronic name

[Book]

Y