La personnalité de l’entrepreneur est une variable primordiale dans l’analyse financière du projet. L’environnement économique de l’entreprise en gestation est l’autre paramètre que les banquiers examinent avant de décider de la faisabilité du projet de création. Le prêt est...

We utilize the strategic market game approach to analyze the role and function of a mutual bank with variable fractional reserves, redemption in gold and endogenous interest rate formation. We specify the conditions of enough money and its distribution. Using the continuum of traders model, we...

The framework presented in this paper takes its cue from recent financial events and attempts to develop a tractable framework for policy analysis of macro-linkages, in particular a first attempt at the integration of an independent profit-maximising banking sector that lends to and borrows from...