BANKS’ INCENTIVES TO OVER-HERD

Journal of Governance and Regulation

Marcela Giraldo¹ 

关键词: Banks;    Herding;    Banks’ Incentives;   

DOI  :  10.22495/jgr_v1_i2_p5

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

This paper evaluates the incentives that banks have to herd. It includes a complete literature review that focuses on papers from the last fifteen years, and a model of several banks and infinite time periods. The literature review looks at recent academic papers that have examined the different causes of bank herding. The model is discussed theoretically and then a numerical example explores the significance of its coefficients. The model section concludes that any policy that reduces the costs of overinvestment increases the incentives of banks to herd.

【 授权许可】

CC BY-NC