Marginal cost of risk-based capital and risk-taking
We explore the impact of capital adequacy requirements on financial institutions’ risk-taking behavior from a novel perspective. Specifically, we show that an important feature of the risk-based capital (RBC) system—a built-in diversification benefit in aggregating risk categories—induces moral haza...
| Váldodahkkit: | , , , |
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| Eará dahkkit: | |
| Materiálatiipa: | Journal Article |
| Giella: | English |
| Almmustuhtton: |
2020
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| Fáttát: | |
| Liŋkkat: | https://hdl.handle.net/10356/143660 |