Browsing NHH Brage by Subject "optimal capital structure"

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    • Making Bank: Why High Bank Leverage is Optimal - for the Bank's Shareholders 

      Atreya, Nikhil; Mjøs, Aksel; Persson, Svein-Arne (Discussion paper;33/15, Working paper, 2015-11-27)
      We create a structural credit model to calculate the optimal capital structure for a bank that provides asset backed loans, such as corporate loans and mortgages. The bank's assets are loans, which means that the bank's ...