risk). The model also allows for heterogeneous bank income streams, dividend signaling effects, and changes in … changes in market pricing over time. We find that the declines in bank stock values since 2007 reflect declining values of … increasingly over time. "Carry-trade" effects from taking on interest rate risk are also apparent. The effects of leverage on bank …

risk). The model also allows for heterogeneous bank income streams, dividend signaling effects, and changes in … changes in market pricing over time. We find that the declines in bank stock values since 2007 reflect declining values of … increasingly over time. "Carry-trade" effects from taking on interest rate risk are also apparent. The effects of leverage on bank …

If stable and efficient banks are such a good idea, why are they so rare? -- The game of bank bargains -- Tools of … colonial times to 1990 -- The new U.S. bank bargain : megabanks, urban activists, and the erosion of mortgage standards …