Despite the devastating worldwide human and economic tolls of the COVID-19 crisis, it has
created some positive economic and financial surprises and opportunities for research. This …

This article examines the economics of financing small business in private equity and debt
markets. Firms are viewed through a financial growth cycle paradigm in which different …

This introductory article examines the role of capital in financial institutions—why it is
important, how market-generated capital 'requiremenents' differ from regulatory requirments …

The savings/investment process in capitalist economies is organized around bank-like
financial intermediaries (“banks”), making them a central institution of economic growth …

Capital regulation acts as an external force in the determination of bank capital and risk
levels. Changes in the regulatory framework can influence banks' decisions. Starting from …

This paper examines the impact the risk-based capital standards had on bank capital and
portfolio risk during the first year the risk-based standards were in effect. To date, insufficient …

THE SPECTACULAR INCREASE in bank and thrift failures in the 1980s raised concerns
about depository institution risk and spurred interest in public policy prescriptions to reduce …

This study investigates the direct link between regulatory enforcement actions and the
shrinkage of bank loans to sectors likely to be bank dependent. We partition the shrinkage …

One of the requirements of the Federal Deposit Insurance Corporation Improvement Act
(FDICIA) was that bank regulators establish capital ratio zones that mandate prompt …

The paper reviews the empirical evidence on the impact of the 1988 Basle Accord. It focuses
on whether the adoption of fixed minimum capital requirements led some banks to maintain …