The Bank Capital Decision: A Time Series—Cross Section Analysis
试图解释过去二十年美国商业银行资本资产比率大幅下降的原因，假设名义利率上升是重要因素，并通过时间序列-横截面估计支持了这一假设。
ABSTRACT This paper seeks to explain the dramatic decline in capital to asset ratios in U.S. commercial banks during the last two decades. It is hypothesized that the rise in nominal interest rates during this period might have contributed substantially to the fall in capital ratios. Time series‐cross section estimation supports the hypothesis regarding the interest rate.