Most recently in this context, the Government, in a similar fashion to those in many other countries, announced details of its recapitalisation scheme for the two major domestic banks. This increases the main banks’ core Tier 1 capital ratios, which are regarded as a key indicator of financial soundness.
: National Bureau of Economic Research, May). Other recent studies, including Kargar and Rajan as well as Chetty and others, find similar responses to the CARES Act using different data.