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Publication Detailed Description
Journal Title
International Review of Finance
Year (definitive publication)
2015
Language
English
Country
United States of America
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Abstract
We extend the literature on the role of capital requirements as a regulatory tool by developing a continuous measure of the degree of regulatory pressure and by examining data on US commercial banks during the economic upturn that preceded the 2007–2009 ?nancial crisis. Our ?ndings indicate the inability of regulatory pressure to force banks to build capital buffers during the economic upturn that preceded the crisis. These ?ndings are consistent with the view that banks entered the crisis with inadequate levels of capital. Our ?ndings support the endeavors of regulators in explicitly demanding capital buffers in their new regulatory framework.
Acknowledgements
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Keywords
Fields of Science and Technology Classification
- Economics and Business - Social Sciences
Funding Records
| Funding Reference | Funding Entity |
|---|---|
| PTDC/EGE-ECO/114977/2009 | Fundação para a Ciência e a Tecnologia |
| UID/GES/00315/2013 | Fundação para a Ciência e a Tecnologia |
Contributions to the Sustainable Development Goals of the United Nations
With the objective to increase the research activity directed towards the achievement of the United Nations 2030 Sustainable Development Goals, the possibility of associating scientific publications with the Sustainable Development Goals is now available in Ciência-IUL. These are the Sustainable Development Goals identified by the author(s) for this publication. For more detailed information on the Sustainable Development Goals, click here.
