The current review of the 1988 Basel Capital Accord has put the spotlight on the ratios used
to assess banks' capital adequacy. This article examines the effectiveness of three capital …

This paper tests for the presence of depositor discipline by examining the effects of depository
institutions' risk on the pricing and growth of uninsured deposits. The study analyzes a …

This paper examines the effects of bank risk, estimated as the probability of failure based on
actual failure records, on the interest rate and the growth of large time deposits between …

This paper analyzes the value maximization of regulated banks within a moral-hazard
framework. In the model, regulators monitor both the capital ratio and the asset portfolio, and …

In moral hazard models, bank shareholders have incentives to transfer wealth from the
deposit insurer – that is, maximize put option value – by pursuing riskier strategies. For safe …

Bank failures are contagious due to the lack of bank-specific information. Depositors who
lack financial information on individual banks make withdrawal decisions based on the …

Bank capital requirements would entail large social costs if they made resource allocation
suboptimal and banking services costly by unduly limiting the banks’ ability to lend. This …

Objectives: The purpose of this study was to investigate the current trends in research on
pharmacopuncture in Korea since 2007. Methods: A literature review was performed by using …

In this paper, we present the development and demonstration of a polymer electrolyte membrane
(PEM) fuel-cell-battery hybrid system for the propulsion of a 20-m-long tourist boat. The …

In this paper, we consider the problem of designing a robust controller for a two-inertia system
which contains arbitrarily large (but bounded) model uncertainties and disturbances. The …