Showing 1 - 10 of 92
Persistent link: https://www.econbiz.de/10009763608
Persistent link: https://www.econbiz.de/10010241622
Persistent link: https://www.econbiz.de/10010370914
Persistent link: https://www.econbiz.de/10011480542
In a model with bankruptcy costs and segmented deposit and equity markets, we endogenize the cost of equity and deposit finance for banks. Despite risk neutrality, equity capital earns a higher expected return than direct investment in risky assets. Banks hold positive capital to reduce...
Persistent link: https://www.econbiz.de/10013064301
Persistent link: https://www.econbiz.de/10011814234
Persistent link: https://www.econbiz.de/10012161512
Persistent link: https://www.econbiz.de/10012872538
Persistent link: https://www.econbiz.de/10011604338
We model the impact of bank mergers on loan competition, reserve holdings and aggregate liquidity. A merger changes the … distribution of bank sizes and aggregate liquidity needs. Mergers among large banks tend to increase aggregate liquidity needs and … thus the public provision of liquidity through monetary operations of the central bank. …
Persistent link: https://www.econbiz.de/10010298322