| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11934 |
| DP11934 Bank Capital Redux: Solvency, Liquidity, and Crisis | |
| Alan M. Taylor; Oscar Jorda; Björn Richter; Moritz Schularick | |
| 发表日期 | 2017-03-24 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | What is the relationship between bank capital, the risk of a financial crisis, and its severity? This paper introduces the first comprehensive analysis of the long-run evolution of the capital structure of modern banking using newly constructed data for banks’ balance sheets in 17 countries since 1870. In addition to establishing stylized facts on the changing funding mix of banks, we study the nexus between capital structure and financial instability. We find no association between higher capital and lower risk of banking crisis. However, economies with better capitalized banking systems recover faster from financial crises as credit begins to flow back more readily. |
| 主题 | Economic History ; Financial Economics ; Monetary Economics and Fluctuations |
| 关键词 | Financial crises Risk taking Crisis prediction Local projections Bank liabilities Capital ratio Macroprudential regulation |
| URL | https://cepr.org/publications/dp11934-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540746 |
| 推荐引用方式 GB/T 7714 | Alan M. Taylor,Oscar Jorda,Björn Richter,et al. DP11934 Bank Capital Redux: Solvency, Liquidity, and Crisis. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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