Meyer, Thomas; Kiander, Jaakko; Vieira, Carlos; Vieira, … - 2002
, public banks sometimes
enter business that privates would abstain from, because risks are too high or margins too small … exposures not only state protection but also state
influence, that forces them into some business. Supervisory boards are … borrower’s risks. A rising spread could, thus, indicate an increase in
default probability-either, because business has become …