A Theory of Bank Capital  

Oleh:

Diamond, Douglas W. ; Rajan, Raghuram G.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 55 no. 6 (2000), page 2431-2466.
Topik: BANK CAPITAL; models; capital structure; bank assets; theory
Fulltext: p 2431.pdf (618.01KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ88.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Banks can create liquidity precisely beacuse deposits are fragile and prone to runs. Increased uncertainty makes deposits excessivelu fragile, creating a role for outside bank capital. Greater bank capital reduces the probability of financial distress but also reduces liquidity creation. The quentuty of capital influences the amount that banks can induce borrowers to pay. Optimal bank capital structure trades of effects on liquidity creation, costs of bank distress and the baility to force borrower repayment. The model explain the decline in bank cpaital over the last two centuries. It identifies overlooked consequences of having regulatory capital requirements and deposit insurance.

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