Few concepts are as important as maturity transformation for understanding financial crises. This technical note guides students through the key mechanisms in the theory using a representative investor, a long-term borrower, and an issuer of shorter-term claims. It then highlights the pervasiveness of maturity transformation in modern financial products. It works well before classes on deposit insurance, bank regulation, the 2008 financial crisis, and/or shadow banking generally.

【書誌情報】

ページ数：12ページ

サイズ：A4

商品番号：HBSP-UV8332

発行日：2021/8/16

登録日：2021/12/23