| LDR | | 03784cam 2200685Ia 4500 |
| 001 | | 000000385542 |
| 005 | | 20180411151518 |
| 006 | | m o d |
| 007 | | cr ||||||||||| |
| 008 | | 121005s2012 dcu ob i000 0 eng d |
| 019 | |
▼a 822228854
▼a 961571276
▼a 962682310
▼a 965970487
▼a 988487020
▼a 991999294 |
| 020 | |
▼a 9781475512472
▼q (electronic bk.) |
| 020 | |
▼a 1475512473
▼q (electronic bk.) |
| 020 | |
▼z 9781475511215 |
| 020 | |
▼z 9781475512465 |
| 029 | 1 |
▼a AU@
▼b 000050275409 |
| 029 | 1 |
▼a AU@
▼b 000053010395 |
| 029 | 1 |
▼a DEBBG
▼b BV043786914 |
| 029 | 1 |
▼a DEBBG
▼b BV044178374 |
| 029 | 1 |
▼a DEBSZ
▼b 472762966 |
| 029 | 1 |
▼a DKDLA
▼b 820120-katalog:000611744 |
| 029 | 1 |
▼a NZ1
▼b 15025018 |
| 035 | |
▼a (OCoLC)812041171
▼z (OCoLC)822228854
▼z (OCoLC)961571276
▼z (OCoLC)962682310
▼z (OCoLC)965970487
▼z (OCoLC)988487020
▼z (OCoLC)991999294 |
| 040 | |
▼a DJB
▼b eng
▼e pn
▼c DJB
▼d OCLCO
▼d CUS
▼d OCLCQ
▼d E7B
▼d OCLCA
▼d OCLCF
▼d EBLCP
▼d OCLCQ
▼d YDXCP
▼d N$T
▼d OCLCQ
▼d AZK
▼d LOA
▼d AGLDB
▼d MOR
▼d CCO
▼d PIFAG
▼d MERUC
▼d OCLCQ
▼d ZCU
▼d U3W
▼d 247004 |
| 050 | 4 |
▼a HG3881.5.I58
▼b W67 No. 238eb |
| 072 | 7 |
▼a BUS
▼x 027000
▼2 bisacsh |
| 082 | 04 |
▼a 332.1
▼2 23 |
| 100 | 1 |
▼a Boot, Arnoud W. A.
▼q (Willem Alexander),
▼d 1960-. |
| 245 | 10 |
▼a Banking and trading/
▼c prepared by Arnoud W.A. Boot and Lev Ratnovski. |
| 260 | |
▼a [Washington, D.C.]:
▼b International Monetary Fund,
▼c ?012. |
| 300 | |
▼a 1 online resource (48 pages). |
| 336 | |
▼a text
▼b txt
▼2 rdacontent |
| 337 | |
▼a computer
▼b c
▼2 rdamedia |
| 338 | |
▼a online resource
▼b cr
▼2 rdacarrier |
| 347 | |
▼a data file
▼2 rda |
| 490 | 1 |
▼a IMF working paper;
▼v WP/12/238 |
| 500 | |
▼a Title from PDF title page (IMF Web site, viewed Oct. 5, 2012). |
| 500 | |
▼a "Research Department." |
| 500 | |
▼a "October 2012." |
| 504 | |
▼a Includes bibliographical references. |
| 520 | |
▼a 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 positions. When a bank engages in trading, it can use its 'spare' capital to profitablity expand the scale of trading. However, there are two inefficiencies. A bank may allocate too much capital to trading ex-post, compromising the incentives to build relationships ex-ante. And a bank may use trading for risk-shifting. Financial development augments the scalability of trading, which initially benefits conglomeration, but beyond some point inefficiencies dominate. The deepending of the financial markets in recent decades leads trading in banks to become increasingly risky, so that problems in managing and regulating trading in banks will persist for the foreseeable future. The analysis has implications for capital regulation, subsidiarization, and scope and scale restrictions in banking. |
| 590 | |
▼a eBooks on EBSCOhost
▼b All EBSCO eBooks |
| 650 | 0 |
▼a Banks and banking. |
| 650 | 0 |
▼a Commerce. |
| 650 | 7 |
▼a BUSINESS & ECONOMICS
▼x Finance.
▼2 bisacsh |
| 650 | 7 |
▼a Banks and banking.
▼2 fast
▼0 (OCoLC)fst00826867 |
| 650 | 7 |
▼a Commerce.
▼2 fast
▼0 (OCoLC)fst00869279 |
| 655 | 4 |
▼a Electronic books. |
| 700 | 1 |
▼a Ratnovski, Lev, |
| 710 | 2 |
▼a International Monetary Fund.
▼b Research Department. |
| 830 | 0 |
▼a IMF working paper ;
▼v WP/12/238. |
| 856 | 40 |
▼u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568124 |
| 938 | |
▼a EBL - Ebook Library
▼b EBLB
▼n EBL1607012 |
| 938 | |
▼a ebrary
▼b EBRY
▼n ebr10627151 |
| 938 | |
▼a EBSCOhost
▼b EBSC
▼n 568124 |
| 938 | |
▼a YBP Library Services
▼b YANK
▼n 10691505 |
| 938 | |
▼a YBP Library Services
▼b YANK
▼n 9927165 |
| 990 | |
▼a ***1012033 |
| 994 | |
▼a 92
▼b KRDHU |