The paper studies the impact of political intervention on a financial system that consists of banks and financial markets and develops over time. In this financial system, banks and markets exhibit three forms of interaction: they compete, they complement each other, and they co-evolve. Coevolution is generated by two new ingredients of financial system architecture relative to the existing theories: securitization and risk-sensitive bank capital...
Подробнее
ПОДРОБНАЯ ИНФОРМАЦИЯ
-
2013/01/01
-
Рабочий документ в рамках исследования вопросов политики
-
WPS6350
-
1
-
1
-
2013/01/01
-
Disclosed
-
Notes on financial system development and political intervention
-
cost of equity capital
ФАЙЛЫ ДЛЯ СКАЧИВАНИЯ
ПОЛНЫЙ ОТЧЕТ
Официальная версия документа (может содержать подписи, и т.д.)