| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6324 |
| DP6324 Nature or Nurture? Learning and Female Labour Force Dynamics | |
| Laura Veldkamp; Alessandra Fogli | |
| 发表日期 | 2007-06-23 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We investigate the question of whether sophistication in risk management fosters banking stability. We compare a simple banking system in which an average rating is used with a sophisticated banking system in which banks are able to assess the default risk of entrepreneurs individually. Both banking systems compete for deposits, loans, and bank equity. While a sophisticated system rewards entrepreneurs with low default risks by low loan interest rates, a simple system acquires more bank equity and finances more entrepreneurs. Expected repayments in a simple system are always higher and its default risk is lower if productivity is sufficiently high. Expected aggregate consumption of entrepreneurs, however, is higher in a sophisticated banking system. |
| 主题 | Financial Economics |
| 关键词 | Banking regulation Financial intermediation Macroeconomic risks Rating Risk management Risk premia |
| URL | https://cepr.org/publications/dp6324 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535193 |
| 推荐引用方式 GB/T 7714 | Laura Veldkamp,Alessandra Fogli. DP6324 Nature or Nurture? Learning and Female Labour Force Dynamics. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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