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    Bank portfolio choice and the macroeconomy

    Aksoy, Yunus and Basso, H. (2015) Bank portfolio choice and the macroeconomy. [Letter]

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    Abstract

    Banking activities have received increasing attention in the aftermath of the Crisis. This column focuses on the effects of bank portfolio choice on asset prices. The term spread is strongly influenced by banks’ expectations of their future profitability. Banks' funding activities, through the securitisation market, create conditions for higher leverage and may lead to a reduction in risk premia. Through its effects on asset prices, bank portfolio choice impacts the real economy, increasing its importance for policymaking.

    Metadata

    Item Type: Letter
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Research Centre: Applied Macroeconomics, Birkbeck Centre for
    Depositing User: Yunus Aksoy
    Date Deposited: 15 Mar 2017 13:58
    Last Modified: 15 Mar 2017 13:58
    URI: http://eprints.bbk.ac.uk/id/eprint/18348

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