Abstract
This session contains four interesting papers that are brought together by the following important question: What does it mean for a bank to be capital constrained? Put slightly differently, the papers by Ediz, Michael, and Perraudin; Aggarwal and Jacques; Yonetani and Katsuo; and Le and Sheehan all attempt to measure how banks react to the presence of capital requirements. In the following, the author will summarize and comment on what he believes to be the primary focus of each of these four papers as it relates to this question. The author will then close with some general remarks.