Is Bank Capital Enough? Multi-Country European Evidence on Optimal Capital Ratios
References
- Basel Committee on Banking Supervision. (2010). An assessment of the long-term economic impact of stronger capital and liquidity requirements. Bank for International Settlements.
- Borio, C. E. V., & Drehmann, M. (2009). Assessing the risk of banking crises – revisited. BIS Quarterly Review, March, 29–46. Bank for International Settlements.
- Borio, C. E. V. (2012). The financial cycle and macroeconomics: What have we learnt? (BIS Working Papers No. 395). Bank for International Settlements.
- Brooke, M., Bush, O., Edwards, R., Ellis, J., Francis, W., Harimohan, R., Neiss, K., & Siegert, C. (2015). Measuring the macroeconomic costs and benefits of higher UK bank capital requirements (Financial Stability Paper No. 35). Bank of England.
- Chen, S., & Svirydzenka, K. (2021). Financial cycles – early warning indicators of banking crises? (IMF Working Paper No. 2021/116). International Monetary Fund.
- Dautović, E. (2020). Has regulatory capital made banks safer? Skin in the game vs moral hazard (ECB Working Paper No. 2020/2449). European Central Bank.
- Dagher, J. C., Dell’Ariccia, G., Laeven, L., Ratnovski, L., & Tong, H. (2016). Benefits and costs of bank capital (IMF Staff Discussion Note No. SDN/16/04). International Monetary Fund.
- Elliott, D. J. (2009). Quantifying the effects on lending of increased capital requirements (Pew Financial Reform Project, Briefing Paper No. 7). Pew Charitable Trusts.
- Elliott, D. J. (2010). A further exploration of bank capital requirements: Effects of competition from other financial sectors and effects of size of bank or borrower and of loan type. The Brookings Institution.
-
Jakubik, P., & Moinescu, B. G. (2023). What is the optimal capital ratio implying a stable European banking system? International Finance, 26(3), 324–343. https://doi.org/10.1111/infi.12438
Jakubik P. Moinescu B. G. ( 2023 ). What is the optimal capital ratio implying a stable European banking system? International Finance , 26 ( 3 ), 324 – 343 . https://doi.org/10.1111/infi.12438
- Jakubik, P., & Moinescu, B. G. (2025). Tailored microprudential recommendations for bank profit retention using a risk tolerance framework. International Review of Economics & Finance, 98, Article 103951. https://doi.org/10.1016/j.iref.2025.103951
- Jordà, Ò., Richter, B., Schularick, M., & Taylor, A. M. (2017). Bank capital redux: Solvency, liquidity, and crisis (NBER Working Paper No. 23287). National Bureau of Economic Research.
- Junge, G., & Kugler, P. (2013). Quantifying the impact of higher capital requirements on the Swiss economy. Swiss Journal of Economics and Statistics, 149(3), 313–356. https://doi.org/10.1007/BF03399394
- Kashyap, A. K., Stein, J. C., & Hanson, S. (2010). An analysis of the impact of substantially heightened capital requirements on large financial institutions (Working paper). University of Chicago Booth School of Business; Harvard University.
- Mendicino, C., Nikolov, K., Rubio-Ramirez, J., Suarez, J., & Supera, D. (2021). How much capital should banks hold? (Research Bulletin No. 80). European Central Bank.
DOI: https://doi.org/10.2478/picbe-2026-0242 | Journal eISSN: 2558-9652
Language: English
Page range: 3219 - 3234
Published on: Jul 22, 2026
Published by: Bucharest University of Economic Studies
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year
Keywords:
Related subjects:
© 2026 Vanesa Daniela UNGUREANU, Gheorghe-Alexandru TARȚA, published by Bucharest University of Economic Studies
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.