| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14615 |
| 来源ID | Working Paper 14615 |
| The Value of Risk: Measuring the Service Output of U.S. Commercial Banks | |
| Susanto Basu; Robert Inklaar; J. Christina Wang | |
| 发表日期 | 2008-12-31 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | Rather than charging direct fees, banks often charge implicitly for their services via interest spreads. As a result, much of bank output has to be estimated indirectly. In contrast to current statistical practice, dynamic optimizing models of banks argue that compensation for bearing systematic risk is not part of bank output. We apply these models and find that between 1997 and 2007, in the U.S. National Accounts, on average, bank output is overestimated by 21 percent and GDP is overestimated by 0.3 percent. Moreover, compared with current methods, our new estimates imply more plausible estimates of the share of capital in income and the return on fixed capital. |
| 主题 | Macroeconomics ; Money and Interest Rates ; Financial Economics ; Financial Institutions ; Corporate Finance |
| URL | https://www.nber.org/papers/w14615 |
| 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/572291 |
| 推荐引用方式 GB/T 7714 | Susanto Basu,Robert Inklaar,J. Christina Wang. The Value of Risk: Measuring the Service Output of U.S. Commercial Banks. 2008. |
| 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 | ||
| w14615.pdf（363KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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