Are Bank Capital Ratios too High or too Low? Incomplete Markets and Optimal Capital Structure

Douglas Gale () and Onur Ozgur

Journal of the European Economic Association, 2005, vol. 3, issue 2-3, 690-700

Abstract: We study the effect of relative risk aversion on optimal capital structure in a general-equilibrium model of intermediation with incomplete markets. (JEL: D5, G2) Copyright (c) 2005 The European Economic Association.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:tpr:jeurec:v:3:y:2005:i:2-3:p:690-700

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