Honohan, PatrickPatrickHonohan2009-09-252009-09-251987-09198752http://hdl.handle.net/10197/1439Banks are seen as having informational advantages in the market for risky securities. The competitive implications of these advantages are explored in a model of asset prices. The impact of capital adequacy requirements on shareholders and borrowers is explored. The paper concludes with a brief extension to the analysis of required liquidity ratios and of competition between banks which are subject to different regulatory regimes.735170 bytesapplication/pdfenBanks and banking--Econometric modelsCapital marketCompetitionWorking Paperhttps://creativecommons.org/licenses/by-nc-sa/1.0/