The three pillars of Basel II: optimizing the mix

被引：64

作者：

Decamps, JP

Rochet, JC ^{[1
]}

Roger, B

机构：

[1] Univ Toulouse, GREMAQ, Toulouse, France

[2] Univ Toulouse, IDEI, Toulouse, France

[3] Univ London London Sch Econ & Polit Sci, London WC2A 2AE, England

来源：

JOURNAL OF FINANCIAL INTERMEDIATION | 2004年 / 13卷 / 02期

关键词：

D O I：

10.1016/j.jfi.2003.06.003

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

The on-going reform of the Basel Accord relies on three "pillars": a new capital adequacy requirement, supervisory review and market discipline. This article develops a simple continuous-time model of commercial banks' behavior where interaction between these three instruments can be analyzed. We study the conditions under which market discipline can reduce the minimum capital requirements needed to prevent moral hazard. We also discuss regulatory forbearance issues. (C) 2003 Elsevier Inc. All rights reserved.

引用

页码：132 / 155

页数：24

共 58 条

[1] Design and valuation of debt contracts [J].