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Asymmetric Information and the Market Structure of the Banking Industry

Author : Mr.Giovanni Dell'Ariccia

Publisher : International Monetary Fund

Page : 32 pages

File Size : 33,35 MB

Release : 1998-06-01

Category : Business & Economics

ISBN : 145195154X

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Book Description

The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather proprietary information about their clients, acquiring an advantage over potential entrants. These informational asymmetries are an important determinant of the industry structure and may represent a barrier to entry for new banks. The paper shows that, in contrast with traditional models of horizontal differentiation, the steady-state equilibrium is characterized by a finite number of banks even in the absence of fixed costs.







Negative Interest Rates

Author : Luís Brandão Marques

Publisher : International Monetary Fund

Page : 84 pages

File Size : 41,19 MB

Release : 2021-03-03

Category : Business & Economics

ISBN : 1513570080

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Book Description

This paper focuses on negative interest rate policies and covers a broad range of its effects, with a detailed discussion of findings in the academic literature and of broader country experiences.



IBSS: Economics: 2002 Vol.51

Author : Compiled by the British Library of Political and Economic Science

Publisher : Routledge

Page : 675 pages

File Size : 21,86 MB

Release : 2013-05-13

Category : Business & Economics

ISBN : 1134340036

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Book Description

First published in 1952, the International Bibliography of the Social Sciences (anthropology, economics, political science, and sociology) is well established as a major bibliographic reference for students, researchers and librarians in the social sciences worldwide. Key features * Authority: Rigorous standards are applied to make the IBSS the most authoritative selective bibliography ever produced. Articles and books are selected on merit by some of the world's most expert librarians and academics. *Breadth: today the IBSS covers over 2000 journals - more than any other comparable resource. The latest monograph publications are also included. *International Coverage: the IBSS reviews scholarship published in over 30 languages, including publications from Eastern Europe and the developing world. *User friendly organization: all non-English titles are word sections. Extensive author, subject and place name indexes are provided in both English and French. Place your standing order now for the 2003 volumes of the the IBSS Anthropology: 2002 Vol.48 December 2003: 234x156: Hb: 0-415-32634-6: £195.00 Economics: 2002 Vol.51 December 2003: 234x156: Hb: 0-415-32635-4: £195.00 Political Science: 2002 Vol.51 December 2003: 234x156: Hb: 0-415-32636-2: £195.00 Sociology: 2002 Vol.52 December 2003: 234x156: Hb: 0-415-32637-0: £195.00



Asymmetric Information in Financial Markets

Author : Ricardo N. Bebczuk

Publisher : Cambridge University Press

Page : 176 pages

File Size : 23,23 MB

Release : 2003-08-21

Category : Business & Economics

ISBN : 9780521797320

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Book Description

Asymmetric information (the fact that borrowers have better information than their lenders) and its theoretical and practical evidence now forms part of the basic tool kit of every financial economist. It is a phenomenon that has major implications for a number of economic and financial issues ranging from both micro and macroeconomic level - corporate debt, investment and dividend policies, the depth and duration of business cycles, the rate of long term economic growth - to the origin of financial and international crises. Asymmetric Information in Financial Markets aims to explain this concept in an accessible way, without jargon and by reducing mathematical complexity. Using elementary algebra and statistics, graphs, and convincing real-world evidence, the author explores the foundations of the problems posed by asymmetries of information in a refreshingly accessible and intuitive way.



International Bibliography of Economics

Author : Compiled by the British Library of Political and Economic Science

Publisher : Psychology Press

Page : 676 pages

File Size : 25,2 MB

Release : 2003

Category : Economics

ISBN : 0415326354

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Book Description

IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.



European Monetary Union and Exchange Rate Dynamics

Author : Paul J.J. Welfens

Publisher : Springer Science & Business Media

Page : 184 pages

File Size : 48,35 MB

Release : 2012-12-06

Category : Business & Economics

ISBN : 3642569137

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Book Description

The creation of the European Central Bank and the Euro have brought new challenges to EU integration and economic policy. This book looks into issues of monetary and factor market policies. The analysis presents new theoretical and empirical research on the current decline of the Euro. Issues regarding exchange rate policies and international economic relations are also addressed.



Nonlinear Time Series Analysis of Business Cycles

Author : C. Milas

Publisher : Emerald Group Publishing

Page : 461 pages

File Size : 15,48 MB

Release : 2006-02-08

Category : Business & Economics

ISBN : 044451838X

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Book Description

This volume of Contributions to Economic Analysis addresses a number of important questions in the field of business cycles including: How should business cycles be dated and measured? What is the response of output and employment to oil-price and monetary shocks? And, is the business cycle asymmetric, and does it matter?