Imperial College London
Alternate

Alexander Michaelides

Business School

Professor of Finance
 
 
 
//

Contact

 

a.michaelides Website CV

 
 
//

Location

 

1.06B53 Prince's GateSouth Kensington Campus

//

Summary

 

Publications

Citation

BibTex format

@article{Mankart:2020:10.1111/fima.12253,
author = {Mankart, J and Michaelides, A and Pagratis, S},
doi = {10.1111/fima.12253},
journal = {Financial Management},
pages = {473--502},
title = {Bank capital buffers in a dynamic model},
url = {http://dx.doi.org/10.1111/fima.12253},
volume = {49},
year = {2020}
}
Download

RIS format (EndNote, RefMan)

TY  - JOUR
AB  - We estimate a dynamic structural banking model to examine the interaction between risk-weighted capital adequacy and unweighted leverage requirements, their differential impacton bank lending, and equity buffer accumulation in excess of regulatory minima. Tighterrisk-weighted capital requirements reduce loan supply and lead to an endogenous fall inbank profitability, reducing bank incentives to accumulate equity buffers and, therefore,increasing the incidence of bank failure. Tighter leverage requirements, on the other hand,increase lending, preserve bank charter value and incentives to accumulate equity buffers,therefore leading to lower bank failure rates.
AU  - Mankart,J
AU  - Michaelides,A
AU  - Pagratis,S
DO  - 10.1111/fima.12253
EP  - 502
PY  - 2020///
SN  - 0046-3892
SP  - 473
TI  - Bank capital buffers in a dynamic model
T2  - Financial Management
UR  - http://dx.doi.org/10.1111/fima.12253
UR  - http://hdl.handle.net/10044/1/63884
VL  - 49
ER  -
Download