Bank Portfolio Choice with Private Information About Loan Quality: Theory and Implications for Regulation
收藏NBER1987-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2421
下载链接
链接失效反馈官方服务：
资源简介：
This paper models bank asset choice when shareholders know more about loan quality than do outsiders. Because of this informational asymmetry, the price of loans in the secondary market is the price for poor quality loans. Banks desire to hold marketable securities in order to avoid liquidating good
提供机构：
美国国家经济研究局
创建时间：
1987-10-01
