Dynamic Banking and the Value of Deposits
收藏数据链接：
官方服务：
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
