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https://hdl.handle.net/10419/23729
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Dietrich, Diemo | en |
dc.contributor.author | Vollmer, Uwe | en |
dc.date.accessioned | 2009-01-30T12:01:12Z | - |
dc.date.available | 2009-01-30T12:01:12Z | - |
dc.date.issued | 2004 | - |
dc.identifier.pi | urn:nbn:de:gbv:3:2-1555 | en |
dc.identifier.uri | http://hdl.handle.net/10419/23729 | - |
dc.description.abstract | This paper provides an explanation for the observation that banks hold on average a capital ratio in excess of regulatory requirements. We use a functional approach to banking based on Diamond and Rajan (2001) to demonstrate that banks can use capital ratios as a strategic tool for renegotiating loans with borrowers. As capital ratios affect the ability of banks to collect loans in a nonmonotonic way, a bank may be forced to exceed capital requirements. Moreover, high capital ratios may also constrain the amount a banker can borrow from investors. Consequently, the size of the banking sector may shrink. | en |
dc.language.iso | eng | en |
dc.publisher | |aLeibniz-Institut für Wirtschaftsforschung Halle (IWH) |cHalle (Saale) | en |
dc.relation.ispartofseries | |aIWH Discussion Papers |x192/2004 | en |
dc.subject.jel | G21 | en |
dc.subject.jel | G28 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | incomplete contracts | en |
dc.subject.keyword | minimum capital requirements | en |
dc.subject.keyword | bank capital | en |
dc.subject.keyword | disintermediation | en |
dc.subject.keyword | pro-cyclicality | en |
dc.subject.stw | Bank | en |
dc.subject.stw | Kapitalstruktur | en |
dc.subject.stw | Eigenkapitalvorschriften | en |
dc.subject.stw | Kreditgeschäft | en |
dc.subject.stw | Unvollständiger Vertrag | en |
dc.subject.stw | Verhandlungstheorie | en |
dc.subject.stw | Theorie | en |
dc.title | Why do banks hold capital in excess of regulatory requirements? A functional approach | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 391530119 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:iwhdps:iwh-192 | en |
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