Capital adequacy and competition in a pure model of banking

Patrick Honohan

No 198752, Working Papers from School of Economics, University College Dublin

Abstract: Banks are seen as having informational advantages in the market for risky securities. The competitive implications of these advantages are explored in a model of asset prices. The impact of capital adequacy requirements on shareholders and borrowers is explored. The paper concludes with a brief extension to the analysis of required liquidity ratios and of competition between banks which are subject to different regulatory regimes.

Keywords: Banks and banking--Econometric models; Capital market; Competition (search for similar items in EconPapers)
Date: 1987-09
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http://hdl.handle.net/10197/1439 First version, 1987 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ucn:wpaper:198752

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