Reviewing Bank Regulatory Objectives Under Uncertail Information
Journal title STUDI ECONOMICI
Author/s Elettra Agliardi
Publishing Year 2010 Issue 2010/100
Language English Pages 21 P. 19-39 File size 639 KB
DOI 10.3280/STE2010-100003
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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.
Keywords: Bank liquidation policies, solvency regulations, incentive approach, deposit insurance, capital requirements
Jel codes: G2, G21, G33
Elettra Agliardi, Reviewing Bank Regulatory Objectives Under Uncertail Information in "STUDI ECONOMICI " 100/2010, pp 19-39, DOI: 10.3280/STE2010-100003