Interest Rate Risk and Capital Adequacy For Traditional Banks and Financial Intermediaries
收藏NBER1978-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0237
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资源简介：
Traditionally, banks and financial intermediaries borrow short and lend long. This causes a risk of negative net worth (and failure, under simplifying assumptions), because the present discounted value of the assets is more volatile than that of the liabilities. This paper utilizes a new option
提供机构：
美国国家经济研究局
创建时间：
1978-03-01
