16 International comparisons also suggest  Several recent papers present quantitative, macroeconomic models of optimal bank capital regulation, including Begenau (2020); Begenau and Landvoigt (2022); Clerc et al. (2015); Elenev, Landvoigt, and Van Nieuwerburgh (2021); Martinez-Miera and Suarez (2014); Nguyen (2015); and Van den Heuvel 16  -9strong capital requirements support banks and the U.S. economy.
We have strong capital levels today, and generally higher bank capital requirements in the United States after the Dodd-Frank Act have corresponded with healthy economic growth and have supported the competitiveness of U.S. firms in the global economy. 17 Finally, some banks have asserted that the resilience of the banking system in the pandemic suggests that bank capital is already high enough.