文章基本信息

标题：Optimal equity capital requirements for large Swiss banks
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作者：Georg Junge ; Peter Kugler
期刊名称：Swiss Journal of Economics and Statistics
电子版ISSN：2235-6282
出版年度：2018
卷号：154
期号：1
页码：1-21
DOI：10.1186/s41937-018-0025-z
语种：English
出版社：Springer
摘要：Ten years after the worst financial crisis of the post-war period, Switzerland has established a Too-Big-To-Fail (TBTF) framework. Under this framework, the two large Swiss banks are subject to substantial capital requirements. It is not obvious whether the TBTF capital requirements are sufficient to prevent banks from plunging the country into a financial crisis once again. We estimate the social costs and benefits of higher capital requirements for the two large Swiss banks and derive socially optimal capital ratios from the cost-benefit trade-off. Our results show that Swiss TBTF capital requirements still fall short of socially optimal capital ratios.
关键词：Financial regulation;Bank equity capital requirements;Capital structure;Elasticity of substitution;Translog production function