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)

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10.1162/jeea.2005.3.2-3.690

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

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

Abstract

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