| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7061 |
| DP7061 Car Ownership and the Labour Market of Ethnic Minorities | |
| Yves Zenou; Pieter A. Gautier | |
| 发表日期 | 2008-11-23 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | This paper analyzes the consequences of bank diversification into fee-based businesses. Universal banks raise welfare by expanding the range of services available to entrepreneurs. However, because they may choose to rescue failed entrepreneurs in order to sell them fee-based financial services, universal banks provide weaker incentives. Adopting a holding company structure and devolving liquidation decisions to the lending division partially resolves this problem. We demonstrate a relationship between the welfare effects of diversification and competition for fee-based business, and we analyze the tying of lending and fee-based business. Our analysis yields several testable implications. |
| 主题 | Financial Economics |
| 关键词 | Bank diversification Soft budget constraint Tying Universal banks |
| URL | https://cepr.org/publications/dp7061 |
| 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/535898 |
| 推荐引用方式 GB/T 7714 | Yves Zenou,Pieter A. Gautier. DP7061 Car Ownership and the Labour Market of Ethnic Minorities. 2008. |
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