The Bank Capital Issue

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Hart, 1974, “On the Application of Portfolio Theory to Depository Financial Intermediaries,”, Review of Economic Studies, 41, 129, 10.2307/2296404 Herring, 1987, “Growth Opportunities and Risk-Taking by Financial Intermediaries,”, Journal of Finance, 42, 583, 10.1111/j.1540-6261.1987.tb04570.x Herring, R. J. and A. Santomero (1990), “The Corporate Structure of Financial Conglomerates,” Journal of Financial Services Research, December. Hull, 1989, “Assessing Credit Risk in Financial Institutions Off-Balance Sheet Commitments.”, Journal of Financial and Quantitative Analysis, 10.2307/2330981 Jensen, 1989, “Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure,”, Journal of Financial Economics, 305 Kahane, 1977, “Capital Adequacy and the REgulation of Financial Intermediaries,”, Journal of British Finance, 207, 10.1016/0378-4266(77)90007-3 Kane, 1985 Karaken, 1978, “Deposit Insurance and Bank Regulation: A Partial Equilibrium Exposition,”, Journal of Business, 51, 413, 10.1086/296006 Keeley, 1990, “A Reexamination of Mean Variance Analysis of Bank Capital Regulation,”, Journal of Banking and Finance, 14, 69, 10.1016/0378-4266(90)90036-2 Keeton, 1989, “The New Risk-Based Capital Plan for Commercial Banks,”, Federal Reserve Bank of Kansas City Economic Review, 40 Kim, 1988, “Risk in Banking and Capital Regulation,”, Journal of Finance, 43, 1219, 10.1111/j.1540-6261.1988.tb03966.x Klein, 1973, “The Economics of Security Divisibility and Financial Intermediation.”, Journal of Finance, 10.1111/j.1540-6261.1973.tb01416.x Koehn, 1980, “Regulation of Bank Capital and Portfolio Risk,”, Journal of Finance, 35, 1234, 10.1111/j.1540-6261.1980.tb02206.x Langohr, H. and A. Santomero (1984), “The Impact of Equity in Bank Portfolios,” Proceedings of a Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago, April. Langohr, 1985, “Commercial Bank Refinancing and Economic Stability: An Analysis of European Features, Journal of Banking and Finance, 10.1016/0378-4266(85)90005-6 Layne, 1980, “In Toffler's Crystal Call, Banks Have Rough Future”, American Banker, 2 Leland, 1977, “Informational Asymmetries, Financial Structure and Financial Intermediation,”, Journal of Finance, 32, 371, 10.2307/2326770 Litan, 1987 Marcus, 1984, “Deregulation and Bank Financial Policy,”, Journal of Banking and Finance, 8, 557, 10.1016/S0378-4266(84)80046-1 Mayer, 1965, “A Graduated Deposit Insurance Plan,”, Review of Economics and Statistics, 10.2307/1924129 Merton, 1972, “An Analytic Derivation of the Efficient Portfolio Frontier,”, Journal of Financial and Quantitative Analysis, 72 Merton, 1977, “An Analytic Derivation of the Cost of Deposit Insurance and Loan Guarantees: An Application of Modern Option Pricing Theory.”, Journal of Banking and Finance, 1, 3, 10.1016/0378-4266(77)90015-2 Merton, 1978, “On the Cost of Deposit Insurance when There are Surveillance Costs,”, Journal of Business, 51, 439, 10.1086/296007 Mester, L. (1990), “Traditional and Non-traditional Banking: An Information Theoretic Approach,” Federal Reserve Bank of Philadelphia Working Paper 90–3. Miller, 1977, “Debt and Taxes,”, Journal of Finance, 32, 261 Miller, 1961, “Dividend Policy, Growth, and the Valuation of Shares,”, Journal of Business, 34, 411, 10.1086/294442 Modigliani, 1958, “The Cost of Capital, Corporation Finance, and the Theory of Investment,”, American Economic Review, 48, 261 Orgler, 1983, “Implications of Corporate Capital Structure Theory for Banking Institutions,”, Journal of Money. Credit and Banking, May, 15, 21 Penati, 1988, “The Effect of Implicit Deposit Insurance on Banks' Portfolio Choices with an Application to International 'Overexposure',”, Journal of Monetary Economics, 21, 107, 10.1016/0304-3932(88)90049-9 Pennacchi, 1987, “A Reexamination of the Over-(or Under-) Pricing of Deposit Insurance,”, Journal of Money. Credit, and Banking, 19, 340, 10.2307/1992081 Pennacchi, 1988, “Loan Sales and the Cost of Bank Capital,”, Journal of Finance, 43, 375, 10.1111/j.1540-6261.1988.tb03945.x Ronn, 1986, “Pricing Risk-Adjusted Deposit Insurance: An Option-Based Model.”, Journal of Finance, 41, 95, 10.1111/j.1540-6261.1986.tb04554.x Ronn, 1989, “Risk-Based Capital Adequacy Standards for a Sample of 43 Major Banks,”, Journal of Banking and Finance, 13, 21, 10.1016/0378-4266(89)90016-2 Rose, S. (1990), “Why Banking is a Zero-Sum Game,” American Banker, August 21. Ross, S. A. (1973), “The Economic Theory of Agency: The Principal's Problem”, Papers and Proceedings of the American Economic Association, 85, May, 134–39. Santomero, 1983 Santomero, 1984, “Modeling the Banking Firm,”, Journal of Money. 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Santomero, 1991 Sealey, 1983, “Valuation, Capital Structure and Shareholder Unanimity Depository FinancialIntermediaries.”, Journal of Finance, 38, 71, 10.1111/j.1540-6261.1983.tb02506.x Schaefer, 1990, “A Revenue-Restricted Cost Study of 100 Large Banks,”, Federal Reserve Bank of New York Sharpe, 1978, “Bank Capital Adequacy, Deposit Insurance, and Security Values,”, Journal of Financial and Quantitative Analysis, 13, 701, 10.2307/2330475 Smith, 1984, “Private Information, Deposit Interest Rates, and the Stability of the Banking System.”, Journal of Monetary Economics, 14, 294, 10.1016/0304-3932(84)90045-X Smith, 1971 Williamson, 1986, “Costly Monitoring, Financial Intermediation and Equilibrium Credit Rationing,”, Journal of Monetary Economics, Sept, 18, 159, 10.1016/0304-3932(86)90074-7