Essays on Bank Optimal Portfolio Choice under Liquidity Constraint
Long term asset creates more revenue, however it is riskier in a liquidity sense. Our question is: How does a liquidity constrained bank make decisions between profitability and liquidity? We present a computable DSGE model of banks optimal portfolio choices under liquidity constraints. Our theory p...
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| Format: | Others |
| Language: | en_US |
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2012
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| Online Access: | http://hdl.handle.net/1969.1/ETD-TAMU-2012-08-11745 |