Moral Hazard under Commercial and Universal Banking
نویسندگان
چکیده
منابع مشابه
Borrower’s moral hazard, risk premium, and welfare: A comparison of universal and stand-alone banking systems
a r t i c l e i n f o a b s t r a c t Does the unification of retail and investment banking necessarily heighten risk in financial markets? Using a simple two period intertemporal model with borrower's moral hazard and uninsured risk, we argue that the integration in financial service markets under universal banking could give rise to a greater risk sharing arrangement. This could eliminate the...
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ژورنال
عنوان ژورنال: Journal of Money, Credit and Banking
سال: 1998
ISSN: 0022-2879
DOI: 10.2307/2601249