RT Generic
T1 Optimal allocation of interest rate risk
A1 Samartín, Margarita
A2 Universidad Carlos III de Madrid. Departamento de Economía de la Empresa, 
AB Based on the work of Hellwig (1994), this paper characterizes the optimal allocation of technology-induced interest rate risk in a competitive system of financial intermediation and its interdependence with the provision of liquidity. The analysis is carried out under the assumptions of complete and incomplete information respectively.The implementation of the second best allocation by a financial intermediary is compared to the one achieved in an equity economy in which individuals hold the assets directly.
YR 1997
FD 1997-02
LK https://hdl.handle.net/10016/7013
UL https://hdl.handle.net/10016/7013
LA eng
DS e-Archivo
RD 30 abr. 2024