Bank Capital
By:Ouarda Merrouche,Ms. Enrica Detragiache,Asli Demirgüç-Kunt
Published on 2010-12-01 by International Monetary Fund
Using a multi-country panel of banks, we study whether better capitalized banks experienced higher stock returns during the financial crisis. We differentiate among various types of capital ratios: the Basel risk-adjusted ratio; the leverage ratio; the Tier I and Tier II ratios; and the tangible equity ratio. We find several results: (i) before the crisis, differences in capital did not have much impact on stock returns; (ii) during the crisis, a stronger capital position was associated with better stock market performance, most markedly for larger banks; (iii) the relationship between stock returns and capital is stronger when capital is measured by the leverage ratio rather than the risk-adjusted capital ratio; (iv) higher quality forms of capital, such as Tier 1 capital and tangible common equity, were more relevant.
This Book was ranked at 30 by Google Books for keyword money and banking.
Book ID of Bank Capital's Books is pBPNeXapBe8C, Book which was written byOuarda Merrouche,Ms. Enrica Detragiache,Asli Demirgüç-Kunthave ETAG "wFUdyPVSqDc"
Book which was published by International Monetary Fund since 2010-12-01 have ISBNs, ISBN 13 Code is 9781455220571 and ISBN 10 Code is 1455220574
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