Bank profitability, leverage constraints, and risk-taking:
Traditional theory suggests that higher bank profitability (or franchise value) dissuades bank risk-taking. We highlight an opposite effect: higher profitability loosens bank borrowing constraints. This enables profitable banks to take risk on a larger scale, inducing risk-taking. This effect is mor...
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| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English German |
| Published: |
Frankfurt am Main
Deutsche Bundesbank
[2019]
|
| Series: | Discussion paper / Deutsche Bundesbank
no 21/2019 |
| Online Access: | Volltext |
| Summary: | Traditional theory suggests that higher bank profitability (or franchise value) dissuades bank risk-taking. We highlight an opposite effect: higher profitability loosens bank borrowing constraints. This enables profitable banks to take risk on a larger scale, inducing risk-taking. This effect is more pronounced when bank leverage constraints are looser, or when new investments can be financed with senior funding (such as repos). The model's predictions are consistent with some notable cross-sectional patterns of bank risk-taking in the run-up to the 2008 crisis |
| Item Description: | Zusammenfassung in deutsch und englisch |
| Physical Description: | 57 Seiten Diagramme |
| ISBN: | 9783957295958 |
Staff View
MARC
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| 520 | 3 | |a Traditional theory suggests that higher bank profitability (or franchise value) dissuades bank risk-taking. We highlight an opposite effect: higher profitability loosens bank borrowing constraints. This enables profitable banks to take risk on a larger scale, inducing risk-taking. This effect is more pronounced when bank leverage constraints are looser, or when new investments can be financed with senior funding (such as repos). The model's predictions are consistent with some notable cross-sectional patterns of bank risk-taking in the run-up to the 2008 crisis | |
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| id | DE-604.BV046024574 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T08:33:05Z |
| institution | BVB |
| isbn | 9783957295958 |
| language | English German |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-031406559 |
| oclc_num | 1107039932 |
| open_access_boolean | 1 |
| owner | DE-12 DE-M382 DE-355 DE-BY-UBR |
| owner_facet | DE-12 DE-M382 DE-355 DE-BY-UBR |
| physical | 57 Seiten Diagramme |
| psigel | ebook |
| publishDate | 2019 |
| publishDateSearch | 2019 |
| publishDateSort | 2019 |
| publisher | Deutsche Bundesbank |
| record_format | marc |
| series2 | Discussion paper / Deutsche Bundesbank |
| spelling | Martynova, Natalya Verfasser (DE-588)1163484083 aut Bank profitability, leverage constraints, and risk-taking Natalya Martynova, Lev Ratnovski, Razvan Vlahu Frankfurt am Main Deutsche Bundesbank [2019] 57 Seiten Diagramme txt rdacontent n rdamedia nc rdacarrier Discussion paper / Deutsche Bundesbank no 21/2019 Zusammenfassung in deutsch und englisch Traditional theory suggests that higher bank profitability (or franchise value) dissuades bank risk-taking. We highlight an opposite effect: higher profitability loosens bank borrowing constraints. This enables profitable banks to take risk on a larger scale, inducing risk-taking. This effect is more pronounced when bank leverage constraints are looser, or when new investments can be financed with senior funding (such as repos). The model's predictions are consistent with some notable cross-sectional patterns of bank risk-taking in the run-up to the 2008 crisis Ratnovski, Lev Verfasser aut Vlahu, Razvan 1977- Verfasser (DE-588)1016216831 aut Erscheint auch als Online-Ausgabe 978-3-957295-96-5 Deutsche Bundesbank Discussion paper no 21/2019 (DE-604)BV040156046 2019,21 https://www.bundesbank.de/resource/blob/798974/7a631062f725519d1e74d42fff83d218/mL/2019-06-14-dkp-21-data.pdf Verlag kostenfrei Volltext |
| spellingShingle | Martynova, Natalya Ratnovski, Lev Vlahu, Razvan 1977- Bank profitability, leverage constraints, and risk-taking |
| title | Bank profitability, leverage constraints, and risk-taking |
| title_auth | Bank profitability, leverage constraints, and risk-taking |
| title_exact_search | Bank profitability, leverage constraints, and risk-taking |
| title_full | Bank profitability, leverage constraints, and risk-taking Natalya Martynova, Lev Ratnovski, Razvan Vlahu |
| title_fullStr | Bank profitability, leverage constraints, and risk-taking Natalya Martynova, Lev Ratnovski, Razvan Vlahu |
| title_full_unstemmed | Bank profitability, leverage constraints, and risk-taking Natalya Martynova, Lev Ratnovski, Razvan Vlahu |
| title_short | Bank profitability, leverage constraints, and risk-taking |
| title_sort | bank profitability leverage constraints and risk taking |
| url | https://www.bundesbank.de/resource/blob/798974/7a631062f725519d1e74d42fff83d218/mL/2019-06-14-dkp-21-data.pdf |
| volume_link | (DE-604)BV040156046 |
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