Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159444
Authors: 
Agliardi, Elettra
Year of Publication: 
2007
Series/Report no.: 
Quaderni - Working Paper DSE 603
Abstract: 
A bank closure policy problem is analysed in a mathematical model within a Black-Scholes framework where an appropriate notion of capital adequacy is introduced. The value of the deposit insurance liabilities and bank equity are derived. The effects of capital requirements on risk-shifting and bank reorganization are discussed, with a comparison of the impact of the Basel I and II Accords on banks' behaviour.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/3.0/
Document Type: 
Working Paper

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