Showing 1 - 10 of 26,695
Persistent link: https://www.econbiz.de/10003322189
Persistent link: https://www.econbiz.de/10003322190
Persistent link: https://www.econbiz.de/10003728570
Persistent link: https://www.econbiz.de/10003286764
This paper presents a model on the leverage of financial intermediaries, where debt are held by risk averse agents and equity by the risk neutral. The paper shows that in an unregulated competitive market, financial intermediaries choose to be leveraged over the social best level. This is...
Persistent link: https://www.econbiz.de/10003896124
Persistent link: https://www.econbiz.de/10003969416
Persistent link: https://www.econbiz.de/10008729115
Persistent link: https://www.econbiz.de/10003964911
Persistent link: https://www.econbiz.de/10009720730
Persistent link: https://www.econbiz.de/10010373344