| Tekijä: | Santomero, A. Trester, J. |
| Otsikko: | Financial innovation and bank risk taking |
| Lehti: | Journal of Economic Behavior and Organization
1998 : VOL. 35:1, p. 25-38 |
| Asiasana: | ECONOMIC BEHAVIOUR ORGANIZATION INNOVATION |
| Kieli: | eng |
| Tiivistelmä: | In this paper, the authors investigate the effect of one change ion the financial sector, namely, the growing ease with which assets created by the banking sector can be sold to other investors. Of interest is whether the reduced cost of value communication and asset sales leads to higher levels of risky lending by the banking sector. Of equal interest is whether these same changes result in riskier banks, i.e., ones that are more vulnerable to instability and failure. |
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