La gestione del capitale nelle banche e l’utilizzo degli strumenti innovativi di patrimonializzazione: un’analisi comparata internazionale (Bank Capital Management and the Use of Non-traditionl Capital Instruments: An International Comparison)
Department of Economics and Management
March 15, 2004
Moneta e Credito, Vol. 57, No. 225
During the course of the last few years, major international banks have increasingly resorted to using non-traditional capital instruments to expand their own regulatory capital and thus increase the volume of total assets and/or level of risk. This paper begins by comparing the features of the different forms of non-traditional capital instruments usable by banks. It then presents the results of an empirical analysis which illustrates how major banks of leading industrialised countries effectively use these different instruments and the capital management choices they make.
Note: Downloadable document is in Italian.
Number of Pages in PDF File: 46
Keywords: bank capital, capital regulation, capital instruments, subordinated debt
JEL Classification: G15, G21, G28Accepted Paper Series
Date posted: May 22, 2012 ; Last revised: March 27, 2013
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