| Publication |
NEw York, Federal Reserve Bank of New York, 1997.
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| Description |
Paperback Volume
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| Series |
Federal Reserve Bank of New York - Staff Reports
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| Summary/Abstract |
The moral hazard problem associated with deposit insurance generates the potential for excessive risk taking on the part of bank owners. The banking literature identifies franchise value - a firm's profit-generating potential - as one force mitigating that risk taking.
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