Portfolio risks and bank asset choice

Katherine A. Samolyk

No 8913, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: An investigation of the effects of credit risk and interest-rate risk on bank portfolio choices, showing how bank capital inadequacy may prevent a bank from investing in the optimal portfolio and how the efficiency of the bank's intermediation technology affects its choice of second-best portfolio.

Keywords: Bank investments; Risk (search for similar items in EconPapers)
Date: 1989
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