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Financial system: shock absorber or amplifier?
Allen, Franklin; Carletti, Elena - Bank for International Settlements (BIS) - 2008
This paper identifies two types of market failures. The first concerns a coordination problem associated with panics. The problem in analysing this type of market failure from a policy perspective is that there is no widely accepted method for selecting equilibria. The second market failure...
Persistent link: https://www.econbiz.de/10005127745
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Should banks be diversified? Evidence from individual bank loan portfolios
Hasan, Iftekhar; Saunders, Anthony; Acharya, Viral V. - Bank for International Settlements (BIS) - 2002
We study empirically the effect of focus (specialization) vs. diversification on the return and the risk of banks using …) focus and diversification using a unique data set that is able to identify individual bank loan exposures to different … bank return while endogenously producing riskier loans for all banks in our sample (this effect being most powerful for …
Persistent link: https://www.econbiz.de/10005063334