Is Maturity-Transformation Risk Priced into Bank Deposit Rates?
收藏数据链接：
官方服务：
资源简介：
We use the term structure of bank CD rates to examine whether maturity-transformation risk is priced into the rates banks offer customers. We find that depositors pay a significant cost for the liquidity provided by bank deposits. This cost is strongly related to the amount of maturity
提供机构：
美国国家经济研究局创建时间：
2024-07-01
