Bank Competition and Financial Stability : A General Equilibrium Exposition

A General Equilibrium Exposition

Bank Competition and Financial Stability : A General Equilibrium Exposition
We study versions of a general equilibrium banking model with moral hazard under either constant or increasing returns to scale of the intermediation technology used by banks to screen and/or monitor borrowers. If the intermediation technology exhibits increasing returns to scale, or it is relatively efficient, then perfect competition is... READ MORE...

Publication date: December 2011
ISBN 9781463927295
$18.00

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