Dynamic Banking and the Value of Deposits
收藏NBER2020-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26802
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资源简介：
We propose a theory of banking in which banks cannot perfectly control deposit flows. Facing uninsurable loan and deposit shocks, banks dynamically manage lending, wholesale funding, deposits, and equity. Deposits create value by lowering funding costs. However, when the bank is undercapitalized and
提供机构：
美国国家经济研究局
创建时间：
2020-03-01
