Birn, Martin; Bandt, Olivier de; Firestone, Simon; … - In: Journal of risk and financial management : JRFM 13 (2020) 4/74, pp. 1-25
the macroeconomic benefits and costs of higher capital requirements. Consistent with the Basel Committee’s original … optimal level of capital requirements—where marginal benefits equal marginal costs—is likely either similar to, or higher than … assessment, this paper finds that the net macroeconomic benefits of capital requirements are positive over a wide range of …
