The rating-sensitive capital charges on credit risks under the new Basel Accord are likely to increase the volatility of minimum capital requirements, which may force banks to hold larger capital cushions in excess of minimum requirements. We analyse this claim on the basis of numerical simulations on hypothetical bank portfolios, in which the bank’s choice of capital cushion is assumed to sati...

This paper investigates the determinants of inequality in human capital with an emphasis on the role of the credit constraints. We develop and estimate a model in which individuals face uninsured human capital risks and invest in education, acquire work experience, accumulate assets and smooth consumption. Agents can borrow from the private lending market and from government student loan progra...

32 Federal Reserve Bank of Atlanta E C O N O M I C R E V I E W Third Quarter 1998 The ensuing debate about limits of credit union membership has extended, quite naturally, to credit union tax status (see, for example, Bickley 1997; McConnell 1998; Robinson 1998). Meanwhile, the U.S. House of Representatives and Senate have overwhelmingly passed and the President has signed a bill that would sub...

Obesity rates are alarming in various ethnocultural groups, particularly in Hispanics. With Hispanics being the fastest growing group to enter college, the aims of the current study were to examine patterns and correlates of exercise and dietary behaviors in Hispanic college students. Data were collected from 693 Hispanic undergraduates who enrolled online and received course extra credit for p...