A recent paper by Itamar Drechsler of the University of Pennsylvania and co-authors points out that bank deposits, which tend to be stable and interest-rate insensitive, are a natural hedge for the sort of long-term, fixed-rate lending that banks favour.

宾夕法尼亚大学的 Itamar Drechsler 及其合著者最近发表的一篇论文指出，银行存款往往比较稳定且对利率不敏感，是银行借贷的长期固定利率贷款的天然对冲工具。恩惠。