Hétérogénéité des banques et des circuits de financement et régulation monétaire

We study the variability of interest rates and of bank's profits in an economy where banks are heterogenous (they differ in their share in the deposits market and in the nature of the firms they lend to) as well as borrowers (some of them have only access to bank credit while others can directly issue bonds). The results depend on the choice of the instruments of monetary policy and on the more or less competitive nature of the bank credit market.

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Year of publication:	1987
Authors:	ARTUS, Patrick
Published in:	Annales d'Economie et de Statistique. - École Nationale de la Statistique et de l'Admnistration Économique (ENSAE). - 1987, 8, p. 27-41
Publisher:	École Nationale de la Statistique et de l'Admnistration Économique (ENSAE)

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005078720