What does it mean to describe a bank as highly leveraged? Why might the managers of a
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What does it mean to describe a bank as “highly leveraged”? Why might the managers of a bank want the bank to be highly leveraged? Why might the bank’s shareholders want the bank to be less highly leveraged?
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Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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