The first report finds that, starting from the current low level of bank capitalization, a one-percentage-point increase in capital ratios would permanently reduce the frequency of crises by one-third, while increasing interest rates by some 13 basis points (banks would need to charge more because it costs them more to raise capital than to issue debt). In other words, the price of losing one year of income every 75 years instead of every 50 years would lead banks to increase the rate on a loan from 4% to 4.13%.