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Capital Regulation: How Much Capital is Needed?

In: Achieving Financial Stability Challenges to Prudential Regulation

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  • Mark Carey

Abstract

Admati and Hellwig (2013) have done a service by placing the question of the appropriate level of prudential bank capital requirements front-and-center. However, their claim that a 20 percent leverage ratio is the appropriate level of capital requirements is not convincing. As argued by Aiyar et al. (2015), Admati and Hellwig’s analysis rests on a supposition that Modigliani–Miller holds for banks…

Suggested Citation

  • Mark Carey, 2017. "Capital Regulation: How Much Capital is Needed?," World Scientific Book Chapters, in: Douglas D Evanoff & George G Kaufman & Agnese Leonello & Simone Manganelli (ed.), Achieving Financial Stability Challenges to Prudential Regulation, chapter 8, pages 93-102, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813223400_0008
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    Cited by:

    1. Carey, Mark, 2019. "Capital regulation: What is an appropriate minimum level?," Global Finance Journal, Elsevier, vol. 39(C), pages 26-29.

    More about this item

    Keywords

    Money and Banking; International Banking; Financial Instititions; Banks; Regulations; Compliance; Financial Crisis; Great Financial Crisis 2008; Microprudential; Macroprudential; Financial Stability;
    All these keywords.

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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