Dynamic Banking and the Value of Deposits
收藏NBER2021-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28298
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资源简介：
We propose a dynamic theory of banking where the role of deposits is akin to that of productive capital in the classical q-theory of investment. As a cheap source of leverage, deposits typically create value for banks, but the marginal q of deposits can be negative. Deposit accounts commit banks to
提供机构：
美国国家经济研究局
创建时间：
2021-01-01
