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We study the welfare properties of a general equilibrium banking model with moral hazard that encompasses incentive …
Persistent link: https://www.econbiz.de/10009707593
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We study versions of a general equilibrium banking model with moral hazard under either constant or increasing returns …
Persistent link: https://www.econbiz.de/10013113217
We study the welfare properties of a general equilibrium banking model with moral hazard that encompasses incentive …
Persistent link: https://www.econbiz.de/10013086044
We study a simple general equilibrium model in which investment in a risky technology is subject to moral hazard and banks can extract market power rents. We show that more bank competition results in lower economy-wide risk, lower bank capital ratios, more efficient production plans and...
Persistent link: https://www.econbiz.de/10013159534
We study a simple general equilibrium model in which investment in a risky technology is subject to moral hazard and banks can extract market power rents. We show that more bank competition results in lower economy-wide risk, lower bank capital ratios, more efficient production plans and...
Persistent link: https://www.econbiz.de/10013147017
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