Bank Financing Strategies, Diversification by Certificates of Deposit, and Securitization.

Two alternative funding modes for a commercial bank are compared, deposits and securitization. Our model includes the two-sided asymmetric information setup of Diamond and Dybvig (1983) and Jacklin and Bhattacharya (1988) and a dynamic aspect with the introduction of a valuable new investment opportunity a la Myers and Majluf (1984).

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Year of publication:	1996
Authors:	Mokrane, M.
Institutions:	Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor.
Subject:	BANKS \| FINANCIAL MARKET \| INTERNATIONAL FINANCE \| INFORMATION

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Series:	Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..
Type of publication:	Book / Working Paper
Notes:	37 pages
Classification:	D80 - Information and Uncertainty. General ; D82 - Asymmetric and Private Information ; G10 - General Financial Markets. General ; G20 - Financial Institutions and Services. General ; G21 - Banks; Other Depository Institutions; Mortgages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005660696