Government Guarantees and the Valuation of American Banks
收藏NBER2018-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24706
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资源简介：
Banks' ratio of the market value to book value of their equity was close to 1 until the 1990s, then more than doubled during the 1996-2007 period, and fell again to values close to 1 after the 2008 financial crisis. Sarin and Summers (2016) and Chousakos and Gorton (2017) argue that the drop in
提供机构：
美国国家经济研究局
创建时间：
2018-06-01
