Amable, Bruno; Chatelain, Jean-Bernard; Bandt, Olivier De - HAL - 2002
The paper investigates, from the welfare and growth point of view, the determination of the optimal capacity of the … banking system. For that purpose, we consider an overlapping generation model with endogenous growth. There is horizontal … may reduce instability and increase the number of deposits, welfare and growth. We also characterise the conditions under …