Acharya, Viral V.; Cooley, Thomas; Richardson, Matthew; … - In: Foundations and Trends(R) in Finance 4 (2010) 4, pp. 247-325
capitalized. We employ a set of headline facts about the build-up of such risk exposures to explain how and why LCFIs adopted this … in decades preceding the current one, allowing LCFIs to take on excessive systemic risk. We also examine alternative … banking, excess liquidity due to global imbalances and mispricing of risk due to behavioral biases have some merit as …
