Government Guarantees, Transparency, and Bank Risk-Taking
This paper presents a model of bank risk taking and government guarantees. Levered banks take excessive risk, as their actions are not fully priced at the margin by debt holders. The impact of government guarantees on bank risk taking depends criti...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/468401487165710483/Government-guarantees-transparency-and-bank-risk-taking http://hdl.handle.net/10986/26138 |