common equity should be recognized as capital for regulatory purposes, and risk weighting of assets should be abandoned …

This paper explores whether corporate tax bias toward debt finance differs between banks and nonbanks, using a large …

Sizable risk capital from outside may be necessary to accelerate Japan's corporate restructuring to replace the stock … of impaired bank loans. To attract risk capital, impaired loans must find market-clearing prices. However, the asymmetry … in the bid-ask prices faced by banks and distressed-debt investors continues to stall efforts to create a liquid …

to real growth, cost of borrowing, and exchange rate risk. Overall, the effects of macroeconomic variables, in contrast …

€™ risk exposure. But trying to improve financial soundness in the midst of a downturn can do the oppositeâ …

to take on risk by reducing market discipline or by increasing charter value. We use an international sample of bank data … associated with more risk taking by banks, especially during the financial crisis (2009-10). We also find that restricting banks …

Credibility is the bedrock of any crisis stress test. The use of stress tests to manage systemic risk was introduced by …