Bank Liquid Assets, the Portfolio Motive, and Capital Requirements

Abstract

for comments. Stulz is at times retained by financial institutions or their attorneys as a consultant or as an expert. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.