liabilities to reduce the probability of bank runs. These aspects of banking affect a bankś choice of risk vs. expected return …, which, in turn, affects bank performance. Banks have an incentive to reduce risk to protect the valuable charter from … products and services to informationally opaque customers, their ability to diversify credit and liquidity risk, and how they …

bank liabilities to reduce the probability of bank runs. These aspects of banking affect a bank's choice of risk versus … expected return, which, in turn, affects bank performance. Banks have an incentive to reduce risk to protect their valuable … financial products and services to informationally opaque customers, their ability to diversify credit and liquidity risk, and …