Judging Banks’ Risk by the Profits They Report
收藏NBER2023-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w31635
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资源简介：
In competitive capital markets, risky debt claims that offer high yields in good times have high systematic risk exposure in bad times. We apply this idea to bank risk measurement. We find that banks with high accounting return on equity (ROE) prior to a crisis have higher systematic tail risk
提供机构：
美国国家经济研究局
创建时间：
2023-09-01
