Reviewing Bank Regulatory Objectives Under Uncertail Information

Elettra Agliardi

STUDI ECONOMICI, 2010, vol. LXV, issue 100, 19-39

Abstract: 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.

JEL-codes: G2 G21 G33 (search for similar items in EconPapers)
Date: 2010
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