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...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Ueda, Kenichi, 1968- (Author)
Format: Electronic eBook
Language:Inglés
Published: [Washington, D.C.] : International Monetary Fund, 2006.
Series:IMF working paper ; WP/06/264.
Subjects:
Economic development > Econometric models.
Banks and banking > Econometric models.
Développement économique > Modèles économétriques.
Banks and banking > Econometric models
Economic development > Econometric models
Online Access:Texto completo
Table of Contents:
  • 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

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