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Financial intermediaries and transaction costs

Hasman, Augusto; Samartín Sáenz, Margarita; Bommel, … - 2010

Persistent link: https://www.econbiz.de/10003996605

Financial intermediation in an overlapping generations model with transaction costs

Hasman, Augusto; Samartín Sáenz, Margarita; Bommel, … - In: Journal of economic dynamics & control 45 (2014), pp. 111-125

Persistent link: https://www.econbiz.de/10010474452

Risk sharing in a world with processing costs : trading versus banking

Bommel, Jos van - In: Financial markets, institutions & instruments 17 (2008) 5, pp. 309-330

Persistent link: https://www.econbiz.de/10003800983

Financial intermediation in an overlapping generations model with transaction costs

Hasman, Augusto; Samartín, Margarita; van Bommel, Jos - In: Journal of Economic Dynamics and Control 45 (2014) C, pp. 111-125

We analyze an overlapping generations economy where agents interact to share liquidity risk. We show that a pure exchange economy has excessive trade in equilibrium because agents interact to rebalance their portfolios. Intergenerational financial intermediaries reduce the number of interactions...

Persistent link: https://www.econbiz.de/10011051940