Blar i Arbeidsnotater / Working Papers på emneord "capital regulation"
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Optimality of Prompt Corrective Action in a Continuous - Time Model with Recapitalization Possibility
(Working Papers;28/2009, Working paper, 2009)Prompt Corrective Action (PCA) is a system of predetermined capital/asset ratios that trigger supervisory actions by a banking regulator. Our paper addresses the optimality of this regulation system by adapting a dynamic ...