| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23287 |
| 来源ID | Working Paper 23287 |
| Bank Capital Redux: Solvency, Liquidity, and Crisis | |
| Òscar Jordà; Björn Richter; Moritz Schularick; Alan M. Taylor | |
| 发表日期 | 2017-03-27 |
| 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 | Macroeconomics ; Money and Interest Rates ; Financial Economics ; Financial Institutions ; History ; Financial History |
| URL | https://www.nber.org/papers/w23287 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580961 |
| 推荐引用方式 GB/T 7714 | Òscar Jordà,Björn Richter,Moritz Schularick,et al. Bank Capital Redux: Solvency, Liquidity, and Crisis. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23287.pdf（679KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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