01978cas a2200265 a 4500 AALejournalIMF006920 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455210930 1018-5941 BD-DhAAL BD-DhAAL Merrouche, Ouarda. Bank Capital : Lessons From the Financial Crisis / Ouarda Merrouche, Enrica Detragiache, Asli Demirguc-Kunt. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (35 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Using a multi-country panel of banks, we study whether better capitalized banks experienced higher stock returns during the financial crisis. We differentiate among various types of capital ratios: the Basel risk-adjusted ratio; the leverage ratio; the Tier I and Tier II ratios; and the tangible equity ratio. We find several results: (i) before the crisis, differences in capital did not have much impact on stock returns; (ii) during the crisis, a stronger capital position was associated with better stock market performance, most markedly for larger banks; (iii) the relationship between stock returns and capital is stronger when capital is measured by the leverage ratio rather than the risk-adjusted capital ratio; (iv) higher quality forms of capital, such as Tier 1 capital and tangible common equity, were more relevant. Mode of access: Internet Demirguc-Kunt, Asli. Detragiache, Enrica. IMF Working Papers; Working Paper ; No. 2010/286 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/286/001.2010.issue-286-en.xml IMF e-Library