Are bank capital ratios too high or too low? Incomplete markets and optimal capital structure

Journal of the European Economic Association

Volumn 3, Issue 2-3, 2005, Pages 690-700

  Gale, Douglas ^a   Özgür, Onur ^a  

^a NEW YORK UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 77957310490     PISSN: 15424766     EISSN: 15424774     Source Type: Journal    
DOI: 10.1162/jeea.2005.3.2-3.690     Document Type: Article

References (6)

1. Allen, Franklin and Douglas Gale (1994). Liquidity Preference, Market Participation and Asset Price Volatility. American Economic Review, 84, 933-955.
2. Allen, Franklin and Douglas Gale (2003). Capital Adequacy Regulation: In Search of a Rationale. In Economics for an Imperfect World: Essays in Honor of Joseph Stiglitz, edited by Richard Arnott, Bruce Greenwald, Ravi Kanbur, and Barry Nalebuff. MIT Press.
3. Allen, Franklin and Douglas Gale (2004). Financial Intermediaries and Markets. Economet-rica, 72, 1023-1061.
4. Gale, Douglas (2003). Financial Regulation in a Changing Environment. In Framing Financial Structure in an Information Environment, edited by Thomas Courchene and Edwin Neave. John Deutsch Institute, for the Study of Economic Policy, Queen's University, Kingston, Ontario.
5. Gale, Douglas (2004). Notes on Optimal Capital Regulation. In The Evolving Financial System and Public Policy. Bank of Canada.
6. Geanakoplos, John and Herakles Polemarchakis (1986). Existence, Regularity, and Constrained Suboptimality of Competitive Allocations When the Asset Market Is Incomplete. In Essays in Honor of Kenneth J. Arrow: Volume 3, Uncertainty, Information, and Communication, edited by Walter Heller, Rose Starr, and David Starrett. Cambridge University Press.