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Why High Leverage Is Optimal for Banks
8 references·9 citing·38 second hop
Why High Leverage Is Optimal for Banks (2013)Why High Leverage Is Optimal for BanksThe Bankers' New Clothes (2013)The Bankers' New ClothesMonetary Policy as Financial Stability Regulation (2012)Monetary Policy as Financial …A Model of Shadow Banking (2012)A Model of Shadow BankingA Macroprudential Approach to Financial Regulation (2011)A Macroprudential Approach to…Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking (1998)Liquidity Risk, Liquidity Cre…Private and Public Supply of Liquidity (1996)Private and Public Supply of …Continuous-Time Finance. (1991)Continuous-Time Finance.The General Theory of Employment, Interest and Money, by John Maynard Keynes (1936)The General Theory of Employm…Ever More Financial Instability Notwithstanding the Basel Standards and the IMF’s Financial Sector Assessment Program (2019)Ever More Financial Instabili…Determinants of capital structure decisions among publicly listed Islamic banks (2019)Determinants of capital struc…Contingent Capital Trigger Effects: Evidence from Liability Management Exercises (2019)Contingent Capital Trigger Ef…Bank‐level and country‐level determinants of bank capital structure and funding sources (2018)Bank‐level and country‐level …Do Strict Capital Requirements Raise the Cost of Capital? Bank Regulation, Capital Structure, and the Low-Risk Anomaly (2015)Do Strict Capital Requirement…Banks as patient fixed-income investors (2015)Banks as patient fixed-income…The Compelling Case for Stronger and More Effective Leverage Regulation in Banking (2014)The Compelling Case for Stron…Bank Liability Structure (2014)Bank Liability StructureFallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Socially Expensive (2013)Fallacies, Irrelevant Facts, …Bank Runs, Deposit Insurance, and Liquidity (1983)Financial Intermediation and Delegated Monitoring (1984)Financial Intermediation, Loanable Funds, and The Real Sector (1997)Finance and Growth: Theory and Evidence (2004)Bank lending during the financial crisis of 2008 (2009)Deciphering the Liquidity and Credit Crunch 2007–2008 (2009)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Determinants of corporate borrowing (1977)Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk-Taking? (2014)The Deposits Channel of Monetary Policy* (2017)The cost of capital, corporation finance and the theory of investment (2008)Banking on Deposits: Maturity Transformation Without Interest Rate Risk (2017)Intermediary asset pricing: New evidence from many asset classes (2017)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)Optimal Bank Capital (2012)Does Macro‐Prudential Regulation Leak? Evidence from a UK Policy Experiment (2014)Bank Capital and Lending Relationships (2017)The Pricing of Options and Corporate Liabilities (1973)Advances in prospect theory: Cumulative representation of uncertainty (1992)The Cross-Section of Expected Stock Returns (1992)Macroprudential policy and bank systemic risk (2020)The impact of COVID-19 pandemic on bank lending around the world (2021)Liquidity Shortages and Banking Crises (2002)Market Liquidity and Funding Liquidity (2008)Systemic Risk and Stability in Financial Networks (2015)Does the Stock Market Overreact? (1985)Postwar U.S. Business Cycles: An Empirical Investigation (1997)Dynamic Asset Pricing Theory. (1993)Backward Stochastic Differential Equations in Finance (1997)An Introduction to Econophysics: Correlations and Complexity in Finance (2000)MACROPRUDENTIAL POLICY – A LITERATURE REVIEW (2010)Complexity, concentration and contagion (2011)The Use and Effectiveness of Macroprudential Policies (2015)Liquid-claim production, risk management, and bank capital structure: Why high leverage is optimal for banks (2014)A lost century in economics: Three theories of banking and the conclusive evidence (2015)SRISK: A Conditional Capital Shortfall Measure of Systemic Risk (2016)
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References

  • 1936The General Theory of Employment, Interest and Money, by John Maynard Keynes6,341 cited
  • 1991Continuous-Time Finance.1,805 cited
  • 2011A Macroprudential Approach to Financial Regulation1,098 cited
  • 2012Monetary Policy as Financial Stability Regulation856 cited
  • 1998Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking602 cited
  • 2013The Bankers' New Clothes366 cited
  • 1996Private and Public Supply of Liquidity225 cited
  • 2012A Model of Shadow Banking36 cited

Cited by

  • 2013Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Socially Expensive456 cited
  • 2015Banks as patient fixed-income investors344 cited
  • 2015Do Strict Capital Requirements Raise the Cost of Capital? Bank Regulation, Capital Structure, and the Low-Risk Anomaly281 cited
  • 2018Bank‐level and country‐level determinants of bank capital structure and funding sources34 cited
  • 2014The Compelling Case for Stronger and More Effective Leverage Regulation in Banking34 cited
  • 2019Contingent Capital Trigger Effects: Evidence from Liability Management Exercises24 cited
  • 2019Ever More Financial Instability Notwithstanding the Basel Standards and the IMF’s Financial Sector Assessment Program

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22 cited
  • 2014Bank Liability Structure17 cited
  • 2019Determinants of capital structure decisions among publicly listed Islamic banks11 cited