Bank Risk and the Declining Franchise Value of the Banking Systems in the United States and Japan /
This paper associates both the increase in risk taken by wholesale banks in the United States and the decline in earnings at wholesale banks in Japan with a reduction in the franchise value of wholesale banking. In contrast with the conventional view that relates the franchise value of banking to in...
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| Andere auteurs: | , |
| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
1992.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 1992/045 |
| Online toegang: | Full text available on IMF |