Bank Capital Regulation and Incentives for Risk-Taking

By S. Bhattacharya, Charles Goodhart, Maximilian J. B. Hall, David Miles, William Per-Raudin, Geoffrey Wood. 2001

194 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/f4fc4a54362f5c605141780c633c8930a332478c

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Citations in the corpus

Bank Capital, Liquid Reserves, and Insolvency Risk (2017, unknown): “From a methodological perspective, our paper relates to the inventory models of Milne and Whalley (2001), Peura and Keppo (2006), Bolton, Chen, and Wang (2011), Décamps, Mariotti, Rochet, and Villeneuve (2011), and Hugonnier, Malamud, and Morellec (2014) in which financing costs lead banks or…”
OPTIMAL DIVIDEND PAYMENTS WHEN CASH RESERVES FOLLOW A JUMP‐DIFFUSION PROCESS (2010, background): “Milne and Whalley (2001) allow the firm to issue costly capital and show that the decision to recapitalize depends on the fixed cost of capital raising and that for low cost of external capital the firm injects capital only when the reserves are zero and recapitalizes to the optimal reserves level.”
Optimal Bank Capital with Costly Recapitalization (2006, unknown): “Milne and Whalley (2001) have extended the model to allow for a recapitalization option.”
Fire‐Sale Spillovers and Systemic Risk (2015, unknown): “33Fixed costs of equity issuance are prevalent in the literature (Ross et al., 2000; Franks and Sanzhar, 2006; Décamps et al., 2011; Milne and Whalley, 2001).”
Why bank capital matters for monetary policy (2016, unknown): “…annual percentage change in the market value of assets).9 These control variables are typically used in studies on the determinants of bank capital (Milne and Whalley, 2001; Ayuso et al, 7 As the variable used in the regression are I(1), we follow Phillips and Moon (1999) and we initially exclude…”
The Three Pillars of Basel II, Optimizing the Mix (2004, background): “Milne and Whalley (2001) develop a model where banks can issue subsidized deposits without limit in order to finance their liquidity needs. The cost to society is limited by the threat of regulatory closure. Milne and Whalley (2001) study the articulation between two regulatory instruments: the inte”