Large EU banks have remained undercapitalised for long stretches of time

Flannery, M. J. & Giacomini, E. (3 November 2015) Large EU banks have remained undercapitalised for long stretches of time. LSE Business Review.
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Book-valued capital ratios and regulatory inertia are some of the causes, write Mark J. Flannery and Emanuela Giacomini

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