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Identifier to cite or link to this item: https://hdl.handle.net/10086/27917

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Title
Rollover and Capital Adequacy Requirements
Creator
Creator Name
YASUDA, Yukihiro YASUDA, Yukihiro
安田, 行宏 安田, 行宏
Affiliation
Affiliation Name
Hitotsubashi University
Key Word
Rollover
Capital adequacy requirements
Debt overhang
JEL
G21
G28
Abstract
This paper shows theoretically that if bank supervision is weak, capital adequacy requirements provide an incentive for troubled banks with their non-performing loans to refinance their client distressed firms, even those with poor prospects. We also argue that in some cases rollover is desirable because the bank can resolve the debt overhang problem of its clients. Therefore, results such as these indicate that loan rollovers need to be assessed more carefully.
Publisher
Hitotsubashi University Center for Financial Research
Issued Date
2016-05
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Working Paper Series ; No. G-1-11
Number of Pages
8
Appears in Collections
Working Paper Series / Hitotsubashi University Center for Financial Research
URL
https://hdl.handle.net/10086/27917