Credit Expansion and Neglected Crash Risk
收藏NBER2016-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22695
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资源简介：
By analyzing 20 developed countries over 19202012, we find the following evidence of overoptimism and neglect of crash risk by bank equity investors during credit expansions: 1) bank credit expansion predicts increased bank equity crash risk, but despite the elevated crash risk, also predicts lower
提供机构：
美国国家经济研究局
创建时间：
2016-10-01
