Modeling Structural and Temporal Variation in the Market's Valuation of Banking Firms
收藏NBER1988-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2693
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资源简介：
This paper decomposes both the market sensitivity and the interest-rate sensitivity of bank stock into on-balance-sheet and off-balance-sheet components. It derives these constituent and often-offsetting sensitivities from a nonstationary three-equation model that employs accounting and capital
提供机构：
美国国家经济研究局
创建时间：
1988-08-01
