Bruno, Olivier; CARTAPANIS, Andre CARTAPANIS, III; … - Groupe de REcherche en Droit, Économie, Gestion … - 2014
We analyse the determinants of bank balance-sheets and leverage-ratio dynamics, and their role in increasing financial fragility. Our results are twofold. First, we show that there is a value of bank leverage that minimises financial fragility. Second, we show that this value depends on the...