An investigation of the effects of credit risk and interest-rate risk on bank portfolio choices, showing how bank capital inadequacy may prevent a bank from investing in the optimal portfolio and how the efficiency of the bank's intermediation technology affects its choice of second-best portfolio.Bank investments ; Risk

Katherine A. Samolyk

English

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Portfolio risks and bank asset choice

http://www.clevelandfed.org/research/Workpaper/1989/wp8913.pdf

Portfolio risks and bank asset choice

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Research Papers in Economics