Language:

Capital Shortfall: A New Approach to Ranking and Regulating Systemic Risks

The American economic review, 2012-05, Vol.102 (3), p.59-64 [Peer Reviewed Journal]

Copyright© 2012 The American Economic Association ;Copyright American Economic Association May 2012 ;ISSN: 0002-8282 ;EISSN: 1944-7981 ;DOI: 10.1257/aer.102.3.59 ;CODEN: AENRAA

Full text available

Citations Cited by

Actions
1. Add to My Research
2. Remove from My Research
3. E-mail
4. Print
5. Permalink
6. Citation
7. EasyBib
8. EndNote
9. RefWorks
10. Delicious
11. Export RIS
12. Export BibTeX

Title:
Capital Shortfall: A New Approach to Ranking and Regulating Systemic Risks
Author: Acharya, Viral ; Engle, Robert ; Richardson, Matthew
Subjects: Bank capital ; Banking ; Banks ; Budget deficits ; Capital accumulation ; Capital requirements ; Capital shortage ; Capitalization ; Causality ; Economic crises ; Economic theory ; Equity ; Estimating techniques ; Europe ; Financial crisis ; Financial economics ; Financial leverage ; Financial risks ; Financial services ; MEASURING SYSTEMIC RISK ; Random variables ; Regulatory reform ; Risk management ; Systemic risk ; U.S.A ; Wall Street Reform & Consumer Protection Act 2010-US ; Websites
Is Part Of: The American economic review, 2012-05, Vol.102 (3), p.59-64
Description: The financial crisis of 2007-2009 has given way to the sovereign debt crisis of 2010-2012, yet many of the banking issues remain the same. We discuss a method to estimate the capital that a financial firm would need to raise if we have another financial crisis. This measure of capital shortfall is based on publicly available information but is conceptually similar to the stress tests conducted by US and European regulators. We argue that this measure summarizes the major characteristics of systemic risk and provides a reliable interpretation of the past and current financial crises. [PUBLICATION ABSTRACT]
Publisher: Nashville: American Economic Association
Language: English
Identifier: ISSN: 0002-8282
EISSN: 1944-7981
DOI: 10.1257/aer.102.3.59
CODEN: AENRAA
Source: ProQuest Central

Back to results list


INSPIRE LIBRARY - TON DUC THANG UNIVERSITY	(84-028) 37 755 057	Feedback
19 Nguyen Huu Tho St. Dist.7, HCM	thuvien@tdtu.edu.vn	Feedback

Capital Shortfall: A New Approach to Ranking and Regulating Systemic Risks

Copyright© 2012 The American Economic Association ;Copyright American Economic Association May 2012 ;ISSN: 0002-8282 ;EISSN: 1944-7981 ;DOI: 10.1257/aer.102.3.59 ;CODEN: AENRAA

Searching Remote Databases, Please Wait