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the lowest feasible level of bank risk. Conversely, if the intermediation technology exhibits constant returns to scale …, or is relatively inefficient, then imperfect competition and intermediate levels of bank risks are optimal. These results …
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E-commerce and FinTech are currently booming in China. The growing consumer market is accompanied by internet finance, by which consumers can easily borrow money from financial institutions online. As a result, the growing risks of financial institutions are of concern to the government and...
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