Epstein Secrets

s of jurisdictions, clearing out huge derivatives books, or closing down the lending operations while they are sold to a new owner. 6 For example, Baker and Wurgler (2013) argue that lower-beta, and hence presumably less-leveraged, bank stocks give the same average return as higher-beta bank stocks.

antitative Business Cycle Framework." In Handbook of Macroeconomics, edited by John Taylor and Michael Woodford. Amsterdam: Elsevier. Dell'Ariccia, Giovanni, Enrica Detragiache, and Raghuram Rajan. 2008. "The Real Effect of Banking Crises." Journal of Financial Intermediation 17 (1): 89-112. Chamley, Ch

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