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Banking market structure and financial stability: Evidence from the Texas real estate crisis in the 1980s

✍ Scribed by Jie Gan


Book ID
113710693
Publisher
Elsevier Science
Year
2004
Tongue
English
Weight
360 KB
Volume
73
Category
Article
ISSN
0304-405X

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## Abstract This study analyzes bank margins in the German secondary market for exchange‐traded structured financial products, with particular emphasis on the influence of banks' credit risk. A structural model allowing for the incorporation of correlation effects between market and credit risk is