Kieler Studien - Kiel Studies
The Impact of Capital Regulation, Charter Value, and the Business Cycle
Kieler Studien - Kiel Studies
The Impact of Capital Regulation, Charter Value, and the Business Cycle
The year-long consultations on Basel II mirror the international popularity of capital requirements as a regulatory instrument. Yet, the impact of capital requirements on banks' behavior is not fully understood.
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The year-long consultations on Basel II mirror the international popularity of capital requirements as a regulatory instrument. Yet, the impact of capital requirements on banks' behavior is not fully understood. The aim of this study is to contribute to this understanding.