Unstable Banking
收藏NBER2009-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14943
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资源简介：
We propose a theory of financial intermediaries operating in markets influenced by investor sentiment. In our model, banks make loans, securitize these loans, trade in them, or hold cash. They can also borrow money, using their security holdings as collateral. We embed such banks in a stylized
提供机构：
美国国家经济研究局
创建时间：
2009-05-01
