change charters, an effect that is large for both national and state charters. In addition, controlling for bank ratings …

requirements for bank trading portfolios. Under the PCA, a bank determines its own market risk capital requirement and is subject …This paper develops a model of bank behavior that focuses on the interaction between the incentives created by fixed …-rate deposit insurance and a bank's choice of its loan portfolio and its market-traded financial instruments. The model is used to …

risk premia. This paper demonstrates how to extract the expected policy path under the assumption that risk premia are … constant over time, and under a simple model that allows risk premia to vary. In the latter case, the risk premia are … the risk premia on these futures contracts vary over time. The impact of this variation is fairly limited for futures …

") and changes in risk aversion ("risk" for short) in the determination of the term structure, equity prices, and risk … asset market phenomena. While the variation in dividend yields and the equity risk premium is primarily driven by risk …