Bank Profitability and Risk-Taking /
Traditional theory suggests that more profitable banks should have lower risk-taking incentives. Then why did many profitable banks choose to invest in untested financial instruments before the crisis, realizing significant losses? We attempt to reconcile theory and evidence. In our setup, banks are...
| Glavni autor: | |
|---|---|
| Daljnji autori: | , |
| Format: | Žurnal |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
2015.
|
| Serija: | IMF Working Papers; Working Paper ;
No. 2015/249 |
| Online pristup: | Full text available on IMF |