| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7183 |
| DP7183 Some Issues in Modeling and Forecasting Inflation in South Africa | |
| John Muellbauer; Janine Aron | |
| 发表日期 | 2009-02-23 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | This paper examines the implications of bank activity and short-term funding strategies for bank risk and return using an international sample of 1334 banks in 101 countries leading up to the 2007 financial crisis. Expansion into non-interest income generating activities such as trading increases the rate of return on assets, and it may offer some risk diversification benefits at very low levels. Non-deposit, wholesale funding in contrast lowers the rate of return on assets, while it can offer some risk reduction at commonly observed low levels of non-deposit funding. A sizeable proportion of banks, however, attract most of their short-term funding in the form of non-deposits at a cost of enhanced bank fragility. Overall, banking strategies that rely prominently on generating non-interest income or attracting non-deposit funding are very risky, consistent with the demise of the U.S. investment banking sector. |
| 主题 | Financial Economics |
| 关键词 | Bank fragility Financial crisis Non-interest income share Universal banking Wholesale funding |
| URL | https://cepr.org/publications/dp7183 |
| 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/536020 |
| 推荐引用方式 GB/T 7714 | John Muellbauer,Janine Aron. DP7183 Some Issues in Modeling and Forecasting Inflation in South Africa. 2009. |
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