Regulation and the Determination of Bank Capital Changes: A Note
检验银行资本充足要求的有效性，发现银行资本变化与监管标准无显著关系，与先前研究冲突，并指出冲突源于未考虑存款利率上限的影响。
The effectiveness of bank capital adequacy requirements is examined in this paper. Using empirical tests similar to those employed by Peltzman and Mingo, no significant relationship is found between changes in bank capital and the capital standards imposed by regulators. The findings conflict with those of previous studies. The conflict in findings, it is argued, results from the failure of previous studies to account for the effect of binding deposit rate ceilings.