Interest Rate Risk and Capital Adequacy for Traditional Banks and Financial Intermediaries
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    Copyright 1981
  
  
    ISBN 0226502813
  
 
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      Copy CitationJ. Huston McCulloch, Risk and Capital Adequacy in Commercial Banks (University of Chicago Press, 1981), chap. 10, https://www.nber.org/books-and-chapters/risk-and-capital-adequacy-commercial-banks/interest-rate-risk-and-capital-adequacy-traditional-banks-and-financial-intermediaries.
Published From Paper
              
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                    Working Paper
          
  
  
  
  
  
  
  
  
  
      Traditionally, banks and financial intermediaries borrow short and lend long. This causes a risk of negative net worth...
   
     
    