Viral V. Acharya is with the London Business School. This paper is the second essay in my dissertation at the Stern School of Business, New York University. The suggestions of an anonymous referee and Rick Green (editor) have been very valuable. I have benefited from the guidance of Yakov Amihud, Douglas Gale, Marty Gruber, Kose John, Anthony Saunders, Marti Subrahmanyam (chairman), and Rangarajan Sundaram. I am especially indebted to Rangarajan Sundaram for introducing me to the topic. I am grateful to Edward Altman, Mitchell Berlin, Alberto Bisin, Robert Bliss, Dick Brealey, Menachem Brenner, Steve Brown, Qiang Dai, Donald Fraser, Kenneth Garbade, Denis Gromb, Gyongyi Loranth, Anthony Lynch, Loretta Mester, Steve Schaefer, Alex Shapiro, William Silber, Raman Uppal, Narayanan Vaghul, Lawrence White, Jun Yang, my doctoral program colleagues, and the seminar participants at Haute Etudes Commerciales (HEC), International Monetary Fund, London School of Economics, and Western Finance Association Meetings for their feedback, and to Nancy Kleinrock for editorial assistance. I acknowledge the help of Mickey Bhatia and Blythe Masters of J.P. Morgan, Lev Borodovsky of Credit Suisse First Boston, and Erik Larson and Mitch Stengel of the Office of the Comptroller of Currency for enriching my understanding of bank regulation. A part of this research was supported by the Lehman Brothers Fellowship (2000–2001), for which I am very grateful. All errors remain my own.
Is the International Convergence of Capital Adequacy Regulation Desirable?
Version of Record online: 7 NOV 2003
© 2003 the American Finance Association
The Journal of Finance
Volume 58, Issue 6, pages 2745–2782, December 2003
How to Cite
Acharya, V. V. (2003), Is the International Convergence of Capital Adequacy Regulation Desirable?. The Journal of Finance, 58: 2745–2782. doi: 10.1046/j.1540-6261.2003.00621.x
- Issue online: 7 NOV 2003
- Version of Record online: 7 NOV 2003
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