Hidden Bibliographic Details
| ISBN: | 128351804X
9781283518048
9781451909777
1451909772
1462396208
9781462396207
1452725918
9781452725918
9786613830494
6613830496
|
|---|
| Digital file characteristics: | data file
|
|---|
| Notes: | Includes bibliographical references (pages 38-40).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
|
|---|
| Summary: | 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, including externalities. Using loan contracts that specify price and quantity, banks control firms' investments. Each bank forms a firm group endogenously and internalizes externalities directly within a firm group and indirectly across firm groups. This unique equilibrium requires a condition that separates competition for sources and uses of funds. I present a realistic institution that satisfies this condition.
|
|---|
| Other form: | Print version: Ueda, Kenichi, 1968- Banks as coordinators of economic growth. [Washington, D.C.] : International Monetary Fund, ©2006
|
|---|
| Standard no.: | 10.5089/9781451909777.001
|
|---|
