Bank Risk and the Declining Franchise Value of the Banking Systems in the United States and Japan

Bank Risk and the Declining Franchise Value of the Banking Systems in the United States and Japan
This paper associates both the increase in risk taken by wholesale banks in the United States and the decline in earnings at wholesale banks in Japan with a reduction in the franchise value of wholesale banking. In contrast with the conventional view that relates the franchise value of banking to informational advantages over other lenders, this... READ MORE...

Publication date: June 1992
ISBN 9781451974249
$15.00

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