TY  - GEN
AB  - This paper discusses the relationship between premia for macroeconomic risk in banking, aggregate behavior, and banking crises. We consider a competitive banking system embedded in an overlapping generation model subject to repeated macroeconomic shocks. We highlight how risk premia decline when bank equity decreases and identify potential vicious circles that may lead to banking crises.
DA  - 2004
KW  - Risk premia
KW  - Banking crises
KW  - Financial intermediation
KW  - Macroeconomic risks
KW  - Banking regulation
LA  - eng
PY  - 2004
TI  - Risk premia in banking and the macroeconomy
UR  - https://nbn-resolving.org/urn:nbn:de:hbz:361-6147
Y2  - 2024-11-22T04:27:25
ER  -