Risk Taking, Limited Liability and the Competition of Bank Regulators
收藏NBER2001-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8669
下载链接
链接失效反馈官方服务：
资源简介：
Limited liability and asymmetric information between an investment bank and its lenders provide an incentive for a bank to undercapitalise and finance overly risky business projects. To counter this market failure, national governments have imposed solvency constraints on banks. However, these
提供机构：
美国国家经济研究局
创建时间：
2001-12-01
