Banks as coordinators of economic growth /
This paper formally identifies an important role of banks: Banks competitively internalize production externalities and facilitate economic growth. I formulate a canonical growth model with externalities as a game among consumers, firms, and banks. Banks compete for deposits to seek monopoly profits...
Clasificación: | Libro Electrónico |
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Autor principal: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
[Washington, D.C.] :
International Monetary Fund,
2006.
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Colección: | IMF working paper ;
WP/06/264. |
Temas: | |
Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Contents
- I. INTRODUCTION
- II. MODEL SETTING AND CHARACTERISTICS
- III. UNIQUE EQUILIBRIUM CANDIDATE WITH STRATEGIC INTERMEDIATION
- IV. EXISTENCE OF AN EQUILIBRIUM WITH FREE RECONTRACTING OPPORTUNITY
- V. DISCUSSION
- VI. CONCLUDING REMARKS
- REFERENCES
- APPENDIX I. PROOFS
- APPENDIX II. EXISTENCE OF AN OPTIMAL PLAN
- APPENDIX III. PARETO- OPTIMAL ALLOCATION AND WALRASIAN EQUILIBRIUM
- APPENDIX IV. ALLOCATIONS UNDER OTHER PRODUCTION FUNCTIONS
- APPENDIX V. ECONOMY WITH PRIVATE DIRECT FINANCE