Blar i Department of Business and Management Science på forfatter "Atreya, Nikhil"
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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 ...