Effectiveness of Capital Regulation at U. S. Commercial Banks , 1985 to 1994  

Oleh:

Hovakimian, Armen ; Kane, Edward J.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 55 no. 1 (2000), page 451-468.
Topik: capital; regulation of financial institutions; capital requirements; deposit insurance; risk exposure; studies
Fulltext: p 451.pdf (103.15KB)

Ketersediaan

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

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Isi artikel

Unless priced and administered appropriately, a governmental safety not enhances risk - shifting opportunities for banks. This paper quantifies regulatory efforts to use capital requirements to control risk - shifting by U. S. banks during 1985 to 1994 and investigates how risk - based capital requirements and other deposit - insurance reforms improved this control. We find that capital discipline did not prevent large banks form shifting risk onto the safety net. Banks with low capital and debt - to -deposits ratios overcame outside discipline better than other banks. Mandates introduced by 1991 legislation have improved but did not establish full regulatory control over bank risk - shifting incentives.

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