Optimal Capital Requirement with Noisy Signals on Banking Risk

In this paper we analyze the optimal capital requirement in a model of banks with heterogeneous investment risks and asymmetric information. Asymmetric information prevents depositors from charging an actuarially-fair interest rate based on banking risk, and leads to cross-subsidization across banks...

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Detalles Bibliográficos
Autores Principales: Kai, Ding, Enoch, Hill, Perez Reyna, David
Formato: Desconocido (Unknown)
Lenguaje:Español (Spanish)
Publicado: Universidad de los Andes, Facultad de Economía, CEDE 2020
Materias:
Acceso en línea:http://hdl.handle.net/1992/41038