Capital valuation adjustment (KVA)
KVA: banks wrestle with the cost of capital
As the bank capital burden grows, dealers are trying to price in the associated costs
Warehousing credit risk: pricing, capital and tax
Kenyon and Green model the effects to pricing of credit warehousing, capital and tax
KVA: capital valuation adjustment by replication
KVA are introduced to take into account the effect of capital on funding