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Persistent link: https://www.econbiz.de/10001709227
The well-known Klein-Monti model of bank behavior considers a monopolistic bank. We demonstrate that this model's results on the comparative static effects of a change in the exogenous interbank market interest rate do not necessarily hold in oligopolistic Cournot or Stackelberg generalizations....
Persistent link: https://www.econbiz.de/10011251755