Reciprocal Deposits and Incremental Bank Risk

Sherrill Shaffer

CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

Abstract: Even after controlling for other observable factors, reciprocal deposits are associated with higher bank risk as measured by the probability of failure and the Zscore. These results are consistent with the moral hazard hypothesis and reject the risk substitution hypothesis.

JEL-codes: G21 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2012-06
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Related works:
Journal Article: Reciprocal deposits and incremental bank risk (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:een:camaaa:2012-22

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