Publications (1)1.36 Total impact
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Article: Are Bank Capital Ratios too High or too Low? Incomplete Markets and Optimal Capital Structure
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ABSTRACT: We study the effect of relative risk aversion on optimal capital structure in a general-equilibrium model of intermediation with incomplete markets. (JEL: D5, G2) Copyright (c) 2005 The European Economic Association.Journal of the European Economic Association 01/2005; 3(2-3):690-700. · 1.36 Impact Factor