Augier, Laurent; Soedarmono, Wahyoe - HAL - 2011
intermediary equilibrium and financial market equilibrium. Second, we show that agent's saving is one of the determinants of the … optimal proportion of long-term investment and hence, we characterize the role of bank as financial intermediary. Third, our … to reach a long-run higher steady state equilibrium. Furthermore, we show that financial intermediary is better than …