Banks As Coordinators of Economic Growth

Banks As Coordinators of Economic Growth
This paper formally identifies an important role of banks: Banks competitively internalize production externalities and facilitate economic growth. I formulate a canonical growth model with externalities as a game among consumers, firms, and banks. Banks compete for deposits to seek monopoly profits, including externalities. Using loan contracts... READ MORE...

Publication date: November 2006
ISBN 9781451865240
$18.00

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