The contribution of bank regulation and fair value accounting to procyclical leverage
Our analytical description of how banks’ responses to asset price changes can result in procyclical leverage reveals that for banks with a binding regulatory leverage constraint, absent differences in regulatory risk weights across assets, procyclical leverage does not occur. For banks without a bin...
| Príomhchruthaitheoirí: | , , |
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| Formáid: | Journal article |
| Foilsithe / Cruthaithe: |
Springer
2017
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