Reciprocal deposits and incremental bank risk

Even after controlling for other observable factors, reciprocal deposits are associated with higher bank risk as measured by the probability of failure and the <italic>Z</italic>-score. These results are consistent with the moral hazard hypothesis and reject the risk substitution hypothesis.

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Year of publication:	2013
Authors:	Shaffer, Sherrill
Published in:	Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 45.2013, 34, p. 4857-4860
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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