Liquidity Provision, Bank Capital, and the Macroeconomy

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Bank size and risk-taking under Basel II (2005, background): “(12)The dilution cost of outside equity can also be derived from general equilibrium considerations; see, for example, Gorton and Winton (2000) and Hellmann, Murdoch, and Stiglitz (2000).”
Liquidity Risk Management and Credit Supply in the Financial Crisis (2011, unknown): “Indeed, Gorton and Winton (2000) conclude regulators should be especially aware of these effects during recessionary environments, i.e., periods where regulators may want to increase capital standards to reduce the threat of bank failures.”
Bank Liquidity Creation (2009, background): “Gorton and Winton (2000) show how a higher capital ratio may reduce liquidity creation through the crowding out of deposits.”
Bank regulatory capital and liquidity: Evidence from US and European publicly traded banks (2013, background): “In addition, small banks tend to be more funded by deposits, so that capital may “crowd out” deposits as in Gorton and Winton (2000).”
Financial System Architecture and the Co-Evolution of Banks and Capital Markets (2010, unknown): “Gorton and Winton (2000) examine the liquidity cost associated with bank equity capital.”
Bank Regulation and Supervision: What Works Best? (2001, background): “In a general equilibrium context, Gorton and Winton (2000) show that raising capital requirements forces banks to supply fewer deposits, which reduces the liquidity-providing role of banks.”