文章基本信息

标题：How Do Bank Regulators Determine Capital-Adequacy Requirements?
本地全文：下载
作者：Posner, Eric A.
期刊名称：University of Chicago Law Review
印刷版ISSN：0041-9494
出版年度：2015
卷号：82
期号：4
页码：2
出版社：University of Chicago Law School
摘要：Regulators require banks to maintain capital above a certain level in order to correct the incentives to make excessively risky loans. However, it has never been clear how regulators determine how high or low the minimum capital–asset ratio should be. An examination of US regulators’ justifications for five regulations is-sued over more than thirty years reveals that regulators have never performed a serious economic analysis that would justify the levels that they have chosen. In-stead, regulators appear to have followed a practice of incremental change de-signed to weed out a handful of outlier banks. This approach resulted in signifi-cant regulatory failures leading up to the financial crisis of 2007–2008.