Federal Reserve Bank of Richmond: "Bank Capital and Real GDP Growth"
October 29, 2024
October 29, 2024
RICHMOND, Virginia, Oct. 29 (TNSres) -- The Federal Reserve Bank of Richmond issued the following white paper (No. 24-08) in September 2024 by Nina Boyarchenko, Domenico Giannone and Anna Kovner entitled "Bank Capital and Real GDP Growth."
Here are excerpts:
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We find evidence that bank capital matters for the distribution of future GDP growth but not its central tendency. Growth in the aggregate bank capital ratio compresses the tails of expe . . .
Here are excerpts:
* * *
We find evidence that bank capital matters for the distribution of future GDP growth but not its central tendency. Growth in the aggregate bank capital ratio compresses the tails of expe . . .