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...
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| Другие авторы: | , |
| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Серии: | IMF Working Papers; Working Paper ;
No. 2015/249 |
| Online-ссылка: | Full text available on IMF |