| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w1312 |
| 来源ID | Working Paper 1312 |
| Banking and Insurance | |
| Joseph G. Haubrich; Robert G. King | |
| 发表日期 | 1984-03-01 |
| 出版年 | 1984 |
| 语种 | 英语 |
| 摘要 | This paper studies the economic role of financial institutions in economies where agents' incomes are subject to privately observable, idiosyncratic random events. The information structure precludes conventional insurance arrangements. However, a financial institution -- perhaps best viewed as a savings bank -- can provide partial insurance by generating a time pattern of deposit returns that redistributes wealth from agents with high incomes to those with low incomes, resulting in a level of expected utility higher than that achievable in simple security markets. Insurance is incomplete because the bank faces a tradeoff between provision of insurance and maintenance of private incentives. |
| 主题 | Other ; Macroeconomics |
| URL | https://www.nber.org/papers/w1312 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/558540 |
| 推荐引用方式 GB/T 7714 | Joseph G. Haubrich,Robert G. King. Banking and Insurance. 1984. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w1312.pdf（384KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
