Marginal cost of risk-based capital and risk-taking
We explore the impact of capital adequacy requirements on financial institutions' risk-taking behavior from a novel perspective. Specifically, we show that an important feature of the risk-based capital (RBC) system a built-in diversification benefit in aggregating risk categories induces moral...
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| Main Authors: | , , , |
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| 格式: | text |
| 語言: | English |
| 出版: |
Institutional Knowledge at Singapore Management University
2019
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| 主題: | |
| 在線閱讀: | https://ink.library.smu.edu.sg/soe_research/2617 https://ink.library.smu.edu.sg/context/soe_research/article/3616/viewcontent/SSRN_id2943371.pdf |
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| 機構: | Singapore Management University |
| 語言: | English |