This paper examines how the degree of interbank competition affects real economic growth, growth patterns, and consumer … maximize bank profits. These contracts are derived for both a monopolistic and a competitive banking industry. The analysis …

a new capital good may require on-the-job training or fresh investment in the educational system or even physical …

When individual returns are increasing in the aggregate level of investment, decentralized individuals fail to … internalize the positive externality of their investment on the return of others. This paper shows how financial intermediation …, intermediaries induce investment by individuals with unfavorable private information. The increase in investment generates positive …

Foreign bank entry is frequently associated with spillover effects for local banks and increasing competition in the … have positive welfare effects the stronger competition. Hence, competitive effects seem to reinforce each other, while … spillovers and competition tend to weaken each other. …

Foreign bank entry is frequently associated with spillover effects for local banks and increasing competition in the … spillovers and competition tend to weaken each other. -- foreign bank entry ; multinational bank ; competition in banking … have positive welfare effects the stronger competition. Hence, competitive effects seem to reinforce each other, while …

Foreign bank entry is frequently associated with spillover effects for local banks and increasing competition in the … have positive welfare effects the stronger competition. Hence, competitive effects seem to reinforce each other, while … spillovers and competition tend to weaken each other. …

policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation … vulnerable to financial frictions. By sheltering intangible investment from financial shocks, counter-cyclical macroeconomic … policy could strengthen longer-term growth, particularly so where strong product market competition prevents firms from self …

financial system in which there is intense competition among banks for private households' funds. Following earlier work by … contracts is restrained by households' financial market access. However, we also assume spatial monopolistic competition among … monopoly rents also entails a positive effect; however, this beneficial effect is only relevant if competition among banks does …

We assess the effects on the welfare of corporate borrowers of the recent wave of bank consolidations in the United …

This paper investigates consumer demand, competition and welfare in the Turkish deposit and credit markets in 2002 … utility function of consumers who purchase deposit (loan) services from a bank. This method allows us to elaborate on demand …, competition and welfare in the same analysis. In the model, a market share equation is derived from the utility function and …