Reviewing Bank Regulatory Objectives Under Uncertail Information
Titolo Rivista: STUDI ECONOMICI
Autori/Curatori: Elettra Agliardi
Anno di pubblicazione: 2010
Fascicolo: 100
Lingua: EN
Numero pagine: 21
Dimensione file: 639 KBDOI: 10.3280/STE2010-100003
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Presentazione:
A bank liquidation policy problem is analysed within a Merton 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 different regulatory regimes (in keeping with the Basel I and II Accords) and their impact on banks’ behaviour.
Keywords: Bank liquidation policies, solvency regulations, incentive approach, deposit insurance, capital requirementsJEL Code: G2, G21, G33
