The Hidden Costs of Strategic Opacity
收藏NBER2020-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27471
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资源简介：
We explore a model in which banks strategically hold interconnected and opaque portfolios, despite increasing the likelihood they are subject to financial crises. In our framework, banks choose their degree of exposure to other banks to influence how investors can use their information. In
提供机构：
美国国家经济研究局
创建时间：
2020-07-01
