What is the Value-Added for Large U.S. Banks in Offering Mutual Funds?
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This paper argues that an implicit deposit-insurance credit enhancement is extended to any nondeposit savings vehicle offered by a very large bank. This unpriced credit enhancement helps to explain the preference revealed by very large U.S. banks for gearing up to offer mutual funds instead of
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美国国家经济研究局创建时间：
1995-05-01
