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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| Tác giả khác: | , |
| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Loạt: | IMF Working Papers; Working Paper ;
No. 2015/249 |
| Truy cập trực tuyến: | Full text available on IMF |