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Shadow Banking and Market Discipline on Traditional Banks.
We present a model in which shadow banking arises endogenously and undermines market discipline on traditional banks. Depositors' ability to re-optimize in response to crises imposes market discipline on traditional banks: these banks optimally commit to a safe portfolio strategy to prevent ear...
| Cote: | Libro Electrónico |
|---|---|
| Auteurs principaux: | , , |
| Format: | Électronique eBook |
| Langue: | Inglés |
| Publié: |
Washington, D.C. :
International Monetary Fund,
[2017]
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| Collection: | IMF working paper ;
WP/17/285. |
| Sujets: | |
| Accès en ligne: | Texto completo |