{"id":"https://openalex.org/W2597947150","doi":"https://doi.org/10.1111/jmcb.12490","title":"Optimal Dynamic Capital Requirements","display_name":"Optimal Dynamic Capital Requirements","publication_year":2018,"publication_date":"2018-05-08","ids":{"openalex":"https://openalex.org/W2597947150","doi":"https://doi.org/10.1111/jmcb.12490","mag":"2597947150"},"language":"en","primary_location":{"id":"doi:10.1111/jmcb.12490","doi":"https://doi.org/10.1111/jmcb.12490","is_oa":false,"landing_page_url":"https://doi.org/10.1111/jmcb.12490","pdf_url":null,"source":{"id":"https://openalex.org/S2058785","display_name":"Journal of money credit and banking","issn_l":"0022-2879","issn":["0022-2879","1538-4616"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Money, Credit and Banking","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5073641774","display_name":"Caterina Mendicino","orcid":"https://orcid.org/0000-0001-9988-9847","observed_orcids":["https://orcid.org/0000-0001-9988-9847"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"CATERINA MENDICINO","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5039449045","display_name":"Kalin Nikolov","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"KALIN NIKOLOV","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5082242078","display_name":"Javier Su\u00e1rez","orcid":"https://orcid.org/0000-0002-2012-3900","observed_orcids":["https://orcid.org/0000-0002-2012-3900"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"JAVIER SUAREZ","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5064230805","display_name":"Dominik Supera","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"DOMINIK SUPERA","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3800,"currency":"USD","value_usd":3800},"apc_paid":null,"fwci":11.2457,"has_fulltext":false,"cited_by_count":96,"citation_normalized_percentile":{"value":0.98512454,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"50","issue":"6","first_page":"1271","last_page":"1297"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.0010999999940395355,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capital-requirements","display_name":"capital requirements","score":0.7850000262260437},{"id":"https://openalex.org/keywords/banking-regulation","display_name":"banking regulation","score":0.6359999775886536},{"id":"https://openalex.org/keywords/bank-default-risk","display_name":"bank default risk","score":0.546999990940094},{"id":"https://openalex.org/keywords/welfare-analysis","display_name":"welfare analysis","score":0.5199999809265137},{"id":"https://openalex.org/keywords/bank-failure-risk","display_name":"bank failure risk","score":0.7889999747276306},{"id":"https://openalex.org/keywords/euro-area-banks","display_name":"euro area banks","score":0.5559999942779541}],"concepts":[{"id":"https://openalex.org/C2864544","wikidata":"https://www.wikidata.org/wiki/Q2914988","display_name":"Capital requirement","level":3,"score":0.8637232184410095},{"id":"https://openalex.org/C69637215","wikidata":"https://www.wikidata.org/wiki/Q702362","display_name":"Default","level":2,"score":0.7541971802711487},{"id":"https://openalex.org/C2777764128","wikidata":"https://www.wikidata.org/wiki/Q189539","display_name":"Loan","level":2,"score":0.6789552569389343},{"id":"https://openalex.org/C107584723","wikidata":"https://www.wikidata.org/wiki/Q1460626","display_name":"Risk-adjusted return on capital","level":5,"score":0.6177058815956116},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.604882001876831},{"id":"https://openalex.org/C2780759654","wikidata":"https://www.wikidata.org/wiki/Q809934","display_name":"Basel II","level":4,"score":0.6031666994094849},{"id":"https://openalex.org/C100243477","wikidata":"https://www.wikidata.org/wiki/Q12002092","display_name":"Welfare","level":2,"score":0.5672030448913574},{"id":"https://openalex.org/C16969640","wikidata":"https://www.wikidata.org/wiki/Q1070805","display_name":"Capital adequacy ratio","level":3,"score":0.5482613444328308},{"id":"https://openalex.org/C21200559","wikidata":"https://www.wikidata.org/wiki/Q7451068","display_name":"Sensitivity (control systems)","level":2,"score":0.5176699161529541},{"id":"https://openalex.org/C133930124","wikidata":"https://www.wikidata.org/wiki/Q1460730","display_name":"Loss given default","level":4,"score":0.514284074306488},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.49630099534988403},{"id":"https://openalex.org/C2777212361","wikidata":"https://www.wikidata.org/wiki/Q5127848","display_name":"Class (philosophy)","level":2,"score":0.46941882371902466},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.4678443372249603},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.43239620327949524},{"id":"https://openalex.org/C181168301","wikidata":"https://www.wikidata.org/wiki/Q741634","display_name":"Risk-weighted asset","level":5,"score":0.42188021540641785},{"id":"https://openalex.org/C2779806880","wikidata":"https://www.wikidata.org/wiki/Q778470","display_name":"Probability of default","level":3,"score":0.4131920337677002},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3307958245277405},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3068600296974182},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.2876298427581787},{"id":"https://openalex.org/C178350159","wikidata":"https://www.wikidata.org/wiki/Q162714","display_name":"Credit risk","level":2,"score":0.27414029836654663},{"id":"https://openalex.org/C58202505","wikidata":"https://www.wikidata.org/wiki/Q5035700","display_name":"Capital formation","level":4,"score":0.19443458318710327},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.18719494342803955},{"id":"https://openalex.org/C44750222","wikidata":"https://www.wikidata.org/wiki/Q1897397","display_name":"Financial capital","level":3,"score":0.17104455828666687},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.12122386693954468},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.0},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.0},{"id":"https://openalex.org/C24326235","wikidata":"https://www.wikidata.org/wiki/Q126095","display_name":"Electronic engineering","level":1,"score":0.0},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/jmcb.12490","doi":"https://doi.org/10.1111/jmcb.12490","is_oa":false,"landing_page_url":"https://doi.org/10.1111/jmcb.12490","pdf_url":null,"source":{"id":"https://openalex.org/S2058785","display_name":"Journal of money credit and banking","issn_l":"0022-2879","issn":["0022-2879","1538-4616"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Money, Credit and Banking","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:red:sed017:1216","doi":null,"is_oa":false,"landing_page_url":"https://red-files-public.s3.amazonaws.com/meetpapers/2017/paper_1216.pdf","pdf_url":"https://red-files-public.s3.amazonaws.com/meetpapers/2017/paper_1216.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"score":0.47999998927116394,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":42,"referenced_works":["https://openalex.org/W113672111","https://openalex.org/W130685880","https://openalex.org/W381612365","https://openalex.org/W1485530705","https://openalex.org/W1500969775","https://openalex.org/W1508198902","https://openalex.org/W1522318723","https://openalex.org/W1560350676","https://openalex.org/W1728346656","https://openalex.org/W1917641649","https://openalex.org/W2032862720","https://openalex.org/W2095654999","https://openalex.org/W2098440134","https://openalex.org/W2105415695","https://openalex.org/W2108988053","https://openalex.org/W2123931028","https://openalex.org/W2130216349","https://openalex.org/W2131935728","https://openalex.org/W2138527722","https://openalex.org/W2139210824","https://openalex.org/W2149485267","https://openalex.org/W2150554017","https://openalex.org/W2559556265","https://openalex.org/W2891651322","https://openalex.org/W3082806039","https://openalex.org/W3121236665","https://openalex.org/W3121264657","https://openalex.org/W3121467050","https://openalex.org/W3121567201","https://openalex.org/W3121887096","https://openalex.org/W3122157174","https://openalex.org/W3122247972","https://openalex.org/W3122705575","https://openalex.org/W3122803930","https://openalex.org/W3123235830","https://openalex.org/W3123284209","https://openalex.org/W3123780046","https://openalex.org/W3124424982","https://openalex.org/W3124518721","https://openalex.org/W3124583013","https://openalex.org/W3125012183","https://openalex.org/W3125424845"],"related_works":["https://openalex.org/W3047965621","https://openalex.org/W7023578585","https://openalex.org/W2024118546","https://openalex.org/W2741057136","https://openalex.org/W2560696973","https://openalex.org/W2793283468","https://openalex.org/W1534027126","https://openalex.org/W2159614284","https://openalex.org/W2954249412","https://openalex.org/W3178919188"],"abstract_inverted_index":{"Abstract":[0],"We":[1,24,46],"characterize":[2],"welfare":[3],"maximizing":[4],"capital":[5,31,94],"requirement":[6],"policies":[7],"in":[8,43],"a":[9],"quantitative":[10],"macrobanking":[11],"model":[12],"with":[13],"household,":[14],"firm,":[15],"and":[16,38,89],"bank":[17,55],"defaults":[18],"calibrated":[19],"to":[20,34,41,68],"Euro":[21],"Area":[22],"data.":[23],"optimize":[25],"on":[26],"the":[27,30,50,65],"level":[28,51],"of":[29,61],"requirements":[32],"applied":[33],"each":[35],"loan":[36],"class":[37],"their":[39],"sensitivity":[40,67],"changes":[42],"default":[44,69],"risk.":[45],"find":[47],"that":[48,54],"getting":[49],"right":[52],"(so":[53],"failure":[56],"risk":[57,70],"remains":[58],"contained)":[59],"is":[60,71],"foremost":[62],"importance,":[63],"while":[64],"optimal":[66],"positive":[72],"but":[73],"typically":[74],"smaller":[75],"than":[76],"under":[77],"Basel":[78],"internal":[79],"ratings":[80],"based":[81],"(IRB)":[82],"formulas.":[83],"Starting":[84],"from":[85,92],"low":[86],"levels,":[87,98],"savers":[88,100],"borrowers":[90],"benefit":[91],"higher":[93,97],"requirements.":[95,103],"At":[96],"only":[99],"prefer":[101],"tighter":[102]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":16},{"year":2024,"cited_by_count":17},{"year":2023,"cited_by_count":15},{"year":2022,"cited_by_count":11},{"year":2021,"cited_by_count":8},{"year":2020,"cited_by_count":13},{"year":2019,"cited_by_count":9},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":1}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2017-04-07T00:00:00"}
