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Faculty & Research


Capital Adequacy Regulation, a Comment

Dermine J. (1996). 
Capital Adequacy Regulation, a Comment.
Journal Article
The paper presents two proposals to reduce potential market failures in banking markets. The first one is to change the contractual terms of insured deposits, making them first order claim. The second one suggests how to reduce the costs incurred with bank defaults.

Emeritus Professor of Banking and Finance