Universal banking, asymmetric information and the stock market

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Universal banking, asymmetric information and the stock market

This paper aims to explore the role of the universal banking system in contributing to the stock market bust in the wake of the financial crisis 2008–2009 when bankers might have incentive to hide information from shareholders. We set up a stylized model of consumption smoothing involving universal...

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Bibliographic Details
Main Authors:	Banerji, Sanjay, Basu, Parantap
Format:	Article
Published:	Elsevier 2017
Subjects:	Universal Banking; Risk sharing; Stock market discount; Precautionary saving; Ring-fencing
Online Access:	https://eprints.nottingham.ac.uk/41163/

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