Cross-sector diversification in financial conglomerates: simulations with a fair-value assets and liabilities model
Risk diversification is one of the many reasons for cross-sector mergers of financialinstitutes. This paper presents a fair-value type asset and liability model in order to identify diversification effects for financial conglomerates (PCs) under various shocks. My analysis for the Netherlands reveal...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2002-12-01
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| Series: | PSL Quarterly Review |
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| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9915/9797 |