This book conducts a simulation study creating universal,
hypothetical bank holding companies (BHCs) through mergers to
examine whether BHC expansion into nonbank business areas, those
currently prohibited by law, will increase the riskiness of the
universal BHCs. Part 2 reviews the contemporaneous literature and
Part 3 discusses the weaknesses of that literature. Later sections
specify an analytical model and describe the date and estimating
procedure as well as presenting empirical results.
General
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