Bank Financing Strategies, Diversification by Certificates of Deposit, and Securitization

M. Mokrane

Working Papers from Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor.

Abstract: Two alternative funding modes for a commercial bank are compared, deposits and securitization. Our model includes the two-sided asymmetric information setup of Diamond and Dybvig (1983) and Jacklin and Bhattacharya (1988) and a dynamic aspect with the introduction of a valuable new investment opportunity a la Myers and Majluf (1984).

Keywords: BANKS; FINANCIAL MARKET; INTERNATIONAL FINANCE; INFORMATION (search for similar items in EconPapers)
JEL-codes: D80 D82 G10 G20 G21 (search for similar items in EconPapers)
Pages: 37 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:pnegmi:9603

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