Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/128012 
Erscheinungsjahr: 
2002
Schriftenreihe/Nr.: 
Working Paper No. 02.04
Verlag: 
Swiss National Bank, Study Center Gerzensee, Gerzensee
Zusammenfassung: 
In this paper we investigate the relationship between changes in risk and changes in leverage for a panel of Swiss banks. Using market data for risk and both accounting and market data for capital for the period between 1990 and 2002, we find a positive correlation between changes in capital and changes in risk, i.e., higher levels of capital are associated with higher levels of risk. Despite this positive correlation, however, we do not find a significant relationship between the default probability and the capital ratio.
Schlagwörter: 
Leverage ratios
bank capital
risk taking
JEL: 
G21
G28
Dokumentart: 
Working Paper

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