Crisis in Competitive Versus Monopolistic Banking Systems

Crisis in Competitive Versus Monopolistic Banking Systems
We study a monetary, general equilibrium economy in which banks exist because they provide intertemporal insurance to risk-averse depositors. A "banking crisis" is defined as a case in which banks exhaust their reserve assets. Under different model specifications, the banking industry is either a monopoly bank or a competitive banking industry. If READ MORE...

Publication date: September 2003
ISBN 9781451859584
$15.00

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