Research Discussion Paper – RDP 9210 Contingent Claim Analysis of Risk-Based Capital Standards for Banks


The authors acknowledge helpful comments from Allen Berger, Beverly Hirtle, Marjorie Platt, and participants at the 1992 Conference of Economists in Melbourne. Any remaining errors are ours. The views expressed herein are those of the authors and do not necessarily reflect the views of the Reserve Bank of Australia.


Economic Research Department Reserve Bank of Australia [*]

Department of Economics Loyola University of Chicago [**]