Bank Capital : Lessons from the Financial Crisis

Using a multi-country panel of banks, the authors study whether better capitalized banks fared better in terms of stock returns during the financial crisis. They differentiate among various types of capital ratios: the Basel risk-adjusted ratio; th...

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Bibliographic Details
Main Authors:	Demirguc-Kunt, Asli, Detragiache, Enrica, Merrouche, Ouarda
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCOUNTING ACCOUNTS ARBITRAGE ASSET CLASSES ASSET PRICING ASSET QUALITY ASSET RATIO BACKED SECURITIES BAILOUT BALANCE SHEET BALANCE SHEETS BALANCE-SHEET BANK ASSET BANK ASSETS BANK BALANCE SHEET BANK CAPITAL BANK CAPITALIZATION BANK CREDITORS BANK EQUITY BANK FAILURES BANK LIQUIDITY BANK LOANS BANK POLICY BANK PORTFOLIOS BANK REGULATION BANK SUPERVISION BANKING CRISES BANKING SECTOR BANKING STABILITY BANKING SUPERVISION BANKRUPTCY BANKS BASIS POINTS BENCHMARK BOND SPREAD BOND YIELDS BONDS BOOK VALUE CAPITAL ADEQUACY CAPITAL ASSET CAPITAL INFLOWS CAPITAL INJECTION CAPITAL REGULATION CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPITAL STANDARDS CAPITALS CDS CENTRAL BANKS CORPORATE BOND CORPORATE GOVERNANCE CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT DEFAULT SWAPS CREDIT SPREAD CREDITORS CRISIS COUNTRY DEBT DEFAULT PROBABILITY DEFAULT RISK DEMAND DEPOSITS DEPOSIT DEPOSIT INSURANCE DEPOSITS DUMMY VARIABLE DUMMY VARIABLES ECONOMIC CRISIS EQUALITY EQUITY MARKET EQUITY RATIO EQUITY VALUE EQUITY VALUES EUROPEAN CENTRAL BANK FINANCE MINISTRIES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INNOVATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL POLICIES FINANCIAL SECTOR FINANCIAL STABILITY FINANCIAL STRESS FINANCIAL STUDIES FINANCIAL SUPPORT FINANCIAL SYSTEM FREE ASSET FUTURE CASH FLOWS GDP GLOBAL BANKING GOVERNMENT BOND GOVERNMENT BOND YIELD GOVERNMENT SUPPORT GROUP OF BANKS HOLDING HOLDINGS INSTRUMENT INTANGIBLE INTEREST INCOME INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL SETTLEMENTS LIMITED LIABILITY LIQUID ASSETS LIQUIDITY RATIO LOAN LOAN LOSS PROVISIONS LOAN PORTFOLIO MACROECONOMIC SHOCKS MACROECONOMIC VARIABLES MARKET DATA MARKET PARTICIPANTS MARKET RETURN MARKET VALUE MATURITY MINIMUM CAPITAL REQUIREMENTS MONETARY FUND MORAL HAZARD MORTGAGE MORTGAGE-BACKED SECURITIES NEGATIVE SHOCK OFF BALANCE SHEET OPERATING INCOME POLICY RESPONSE POLICY RESPONSES PORTFOLIO RISK PRICE VOLATILITY PRICING MODELS PROFITABILITY PRUDENTIAL STANDARDS PUBLIC FUNDS RECAPITALIZATION RECESSION REGULATORY APPROACHES REGULATORY STANDARDS RESERVES RETAINED EARNINGS RISK EXPOSURE RISK TAKING RISK WEIGHTED ASSETS RISKY LOAN SAVINGS SHAREHOLDER SHAREHOLDERS SMALL BANKS STANDARD ASSET STOCK MARKET STOCK PRICES STOCK RETURN STOCK RETURNS SUBORDINATED DEBT TIER 1 CAPITAL TIER 2 CAPITAL TRADING TRANCHE TRANSPARENCY TREASURY VALUATION WHOLESALE FUNDING
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101110113157 http://hdl.handle.net/10986/3955

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http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101110113157
http://hdl.handle.net/10986/3955

Bank Capital : Lessons from the Financial Crisis

Internet

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