Opportunity cost of capital forbearance during the final years of the FSLIC mess

NCU Institutional Repository > 管理學院 > 財務金融研究所 > 期刊論文 > Item 987654321/29549

請使用永久網址來引用或連結此文件: http://ir.lib.ncu.edu.tw/handle/987654321/29549

題名:	Opportunity cost of capital forbearance during the final years of the FSLIC mess
作者:	Kane,EJ;Yu,MT
貢獻者:	財務金融所
關鍵詞:	DEPOSIT INSURANCE;SAVINGS
日期:	1996
上傳時間:	2010-06-29 20:30:45 (UTC+8)
出版者:	中央大學
摘要:	This paper uses a robust valuation model and data available in 1985-1989 to conduct a synthetic market-value accounting of the year-to-year opportunity cost of FSLIC forbearance. Although opportunity cost did not increase in every single year, it did increase on average over the period. Had robust mark-to-model standards for S&L capital adequacy been routinely enforced, FSLIC guarantees would not have displaced private capital on a mammoth scale and surviving members of the industry would have proved more profitable. Lessening hidden tax liabilities for households and hidden subsidies to risky lending would have shortened the disinflation process and allowed the U.S. to hold a more valuable capital stock today.
關聯:	QUARTERLY REVIEW OF ECONOMICS AND FINANCE
顯示於類別:	[財務金融研究所] 期刊論文

文件中的檔案:

檔案	描述	大小	格式	瀏覽次數
index.html		0Kb	HTML	528	檢視/開啟

在NCUIR中所有的資料項目都受到原著作權保護.

社群 sharing