Working Paper
Portfolio risks and bank asset choice
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.
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https://fraser.stlouisfed.org/title/working-paper-federal-reserve-bank-cleveland-4494/portfolio-risks-bank-asset-choice-494522
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 1989
Number: 8913