Capital Regulation and Tail Risk /

The paper studies risk mitigation associated with capital regulation, in a context where banks may choose tail risk asserts. We show that this undermines the traditional result that high capital reduces excess risk-taking driven by limited liability. Moreover, higher capital may have an unintended e...

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Bibliografiske detaljer
Hovedforfatter: Perotti, Enrico Camillo
Andre forfattere: Ratnovski, Lev, Vlahu, Razvan
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2011.
Serier:IMF Working Papers; Working Paper ; No. 2011/188
Online adgang:Full text available on IMF