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|z 9781455210930
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|a 1018-5941
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|a Merrouche, Ouarda.
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|a Bank Capital :
|b Lessons From the Financial Crisis /
|c Ouarda Merrouche, Enrica Detragiache, Asli Demirguc-Kunt.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2010.
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|a 1 online resource (35 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Using a multi-country panel of banks, we study whether better capitalized banks experienced higher stock returns during the financial crisis. We differentiate among various types of capital ratios: the Basel risk-adjusted ratio; the leverage ratio; the Tier I and Tier II ratios; and the tangible equity ratio. We find several results: (i) before the crisis, differences in capital did not have much impact on stock returns; (ii) during the crisis, a stronger capital position was associated with better stock market performance, most markedly for larger banks; (iii) the relationship between stock returns and capital is stronger when capital is measured by the leverage ratio rather than the risk-adjusted capital ratio; (iv) higher quality forms of capital, such as Tier 1 capital and tangible common equity, were more relevant.
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|a Mode of access: Internet
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|a Demirguc-Kunt, Asli.
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|a Detragiache, Enrica.
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|a IMF Working Papers; Working Paper ;
|v No. 2010/286
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2010/286/001.2010.issue-286-en.xml
|z IMF e-Library
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