Bank Risk and the Declining Franchise Value of the Banking Systems in the United States and Japan /
This paper associates both the increase in risk taken by wholesale banks in the United States and the decline in earnings at wholesale banks in Japan with a reduction in the franchise value of wholesale banking. In contrast with the conventional view that relates the franchise value of banking to in...
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| 其他作者: | , |
| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1992.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 1992/045 |
| 在線閱讀: | Full text available on IMF |