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Expected Utility, Risk, and Marketing Behavior: Theory and Evidence from the Fed Cattle Market

✍ Scribed by Scott W. Fausti; Zhiguang Wang; Brent Lange

Book ID
117964557
Publisher
John Wiley and Sons
Year
2012
Tongue
English
Weight
655 KB
Volume
61
Category
Article
ISSN
0008-3976

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## ABSTRACT Banks have a unique ability to hedge against market‐wide liquidity shocks. Deposit inflows provide funding for loan demand shocks that follow declines in market liquidity. Consequently, banks can insure firms against systematic declines in liquidity at lower cost than other institutions