Are bank capital ratios too high or too low? Incomplete markets and optimal capital structure

Douglas Gale; Onur Özgür

doi:10.1162/jeea.2005.3.2-3.690

Are bank capital ratios too high or too low? Incomplete markets and optimal capital structure

Douglas Gale, Onur Özgür

Research output: Contribution to journal › Article › peer-review

Abstract

We study the effect of relative risk aversion on optimal capital structure in a general-equilibrium model of intermediation with incomplete markets.

Original language	English (US)
Pages (from-to)	690-700
Number of pages	11
Journal	Journal of the European Economic Association
Volume	3
Issue number	2-3
DOIs	https://doi.org/10.1162/jeea.2005.3.2-3.690
State	Published - 2005

ASJC Scopus subject areas

Economics, Econometrics and Finance(all)

Access to Document

10.1162/jeea.2005.3.2-3.690

Fingerprint Dive into the research topics of 'Are bank capital ratios too high or too low? Incomplete markets and optimal capital structure'. Together they form a unique fingerprint.

Cite this

@article{48574def71314a2281a5ea4f64157c1e,

title = "Are bank capital ratios too high or too low? Incomplete markets and optimal capital structure",

abstract = "We study the effect of relative risk aversion on optimal capital structure in a general-equilibrium model of intermediation with incomplete markets.",

author = "Douglas Gale and Onur {\"O}zg{\"u}r",

year = "2005",

doi = "10.1162/jeea.2005.3.2-3.690",

language = "English (US)",

volume = "3",

pages = "690--700",

journal = "Journal of the European Economic Association",

issn = "1542-4774",

publisher = "Wiley-Blackwell",

number = "2-3",

}

TY - JOUR

T1 - Are bank capital ratios too high or too low? Incomplete markets and optimal capital structure

AU - Gale, Douglas

AU - Özgür, Onur

PY - 2005

Y1 - 2005

N2 - We study the effect of relative risk aversion on optimal capital structure in a general-equilibrium model of intermediation with incomplete markets.

AB - We study the effect of relative risk aversion on optimal capital structure in a general-equilibrium model of intermediation with incomplete markets.

UR - http://www.scopus.com/inward/record.url?scp=77957310490&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=77957310490&partnerID=8YFLogxK

U2 - 10.1162/jeea.2005.3.2-3.690

DO - 10.1162/jeea.2005.3.2-3.690

M3 - Article

AN - SCOPUS:77957310490

VL - 3

SP - 690

EP - 700

JO - Journal of the European Economic Association

JF - Journal of the European Economic Association

SN - 1542-4774

IS - 2-3

ER -