Abstract
The subject of bank capital has received heightened attention in recent years because of the widespread belief that the level of capital held by banks and other financial institutions prior to the downturn in 2007 was inadequate to protect them from the losses they had to absorb in the recession which followed.
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Notes
- 1.
The BIS was created at the end of World War I to handle reparation payments on behalf of the victorious countries. After the completion of that task, the bank has remained in place and has become, in effect, a consulting organization to central banks around the world. It is located in Basel, Switzerland.
- 2.
The Economist, Vol. 397, p. 83
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Wallace, W.H. (2013). Who Owns the Banks? Bank Capital and the Basel Accord. In: The American Monetary System. Springer, Cham. https://doi.org/10.1007/978-3-319-02907-8_5
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DOI: https://doi.org/10.1007/978-3-319-02907-8_5
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