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Working Paper

On the Valuation of Deposit Institutions

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The author develops an empirical model to value a financial institution’s capital for regulatory purposes, which when estimated for a sample of failed and nonfailed institutions, reveals the need for a market-value accounting approach to capital.
03.01.1991ISSN 2573-7953 WP 91-04DOI 10.26509/frbc-wp-199104

Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.

Suggested Citation

Demirgüç-Kunt, Asli. 1991. “On the Valuation of Deposit Institutions.” Federal Reserve Bank of Cleveland, Working Paper No. 91-04. https://doi.org/10.26509/frbc-wp-199104