Banking and Trading

WP/12/238

Nopic

We study the effects of a bank's engagement in trading. Traditional banking is

relationship-based: not scalable, long-term oriented, with high implicit capital, and low

risk (thanks to the law of large numbers). Trading is transactions-based: scalable, shortterm,

capital constrained, and with the ability to generate risk from concentrated...

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Publication date: October 2012
ISBN 9781475511215
$18.00

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Paperback

Publication date: October 2012

English