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Financial innovation and bank behavior: Evidence from credit markets

✍ Scribed by Norden, Lars; Silva Buston, Consuelo; Wagner, Wolf


Book ID
121491465
Publisher
Elsevier Science
Year
2014
Tongue
English
Weight
527 KB
Volume
43
Category
Article
ISSN
0165-1889

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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