The Diversification Benefits of Universal Banking

Risultato della ricerca: Altro contributo

Abstract

We find that both the aggregate issuance of bonds, and the volume of commercial and industrial loans outstanding in the US, respond to fluctuations in industrial production and interest rates, but in opposite directions. This empirical result suggests that universal banks can reduce the cyclical fluctuations of their income, by jointly providing direct lending and security underwriting services
Lingua originaleInglese
Stato di pubblicazionePubblicato - 2010

Keywords

  • Universal Banking
  • Diversification

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