The role of capital in financial institutions
探讨资本在金融机构中的重要性，分析市场与监管资本要求的差异，并讨论资本要求的潜在意外后果，适合关注银行资本监管的学者阅读。
This introductory article examines the role of capital in financial institutions — why it is important, how market-generated capital ‘requiremenents’ differ from regulatory requirments and the form that regulatory requirements should take. Along the way, we examine historical trends in bank capital, problems in measuring capital, and some possible unintended consequences of capital requirements. Within this framework, we evaluate how the contributions to this special issue advance the literature and suggest topics for future research.