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Plantin, 2015 - Google Patents

Shadow banking and bank capital regulation

Plantin, 2015

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Document ID
15568005910543435589
Author
Plantin G
Publication year
Publication venue
The Review of Financial Studies

External Links

Snippet

Banks are subject to capital requirements because their privately optimal leverage is higher than the socially optimal one. This is in turn because banks fail to internalize all costs that their insolvency creates for agents who use their money-like liabilities to settle transactions …
Continue reading at sciencespo.hal.science (PDF) (other versions)

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