When enough is not enough: bank capital and the Too-Big-To-Fail subsidy
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DOI: 10.1007/s11156-020-00877-x
Abstract: This paper takes a unique approach to study the relationship between bank capital and Too-Big-To-Fail (TBTF) during the Financial Crisis. A structural credit risk model is used to compute implied market value capital ratios which,… read more here.
Keywords: capital; big fail; bank capital; capital big ... See more keywords