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|z 9781484345184
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|a 1018-5941
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|c BD-DhAAL
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|a Bologna, Pierluigi.
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|a Banks' Maturity Transformation :
|b Risk, Reward, and Policy /
|c Pierluigi Bologna.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2018.
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|a 1 online resource (32 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The aim of this paper is twofold: first, to study the determinants of banks' net interest margin with a particular focus on the role of maturity transformation, using a new measure of maturity mismatch; second, to analyse the implications for banks from the relaxation of a binding prudential limit on maturity mismatch, in place in Italy until mid-2000s. The results show that maturity transformation is a relevant driver of the net interest margin, as higher maturity transformation is typically associated with higher net interest margin. However, 'excessive' maturity transformation- even without leading to systemic vulnerabilities- increases banks' interest rate risk exposure and lowers their net interest margin.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2018/045
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2018/045/001.2018.issue-045-en.xml
|z IMF e-Library
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