BANKING COMPETITION, CAPITAL ACCUMULATION, AND INTEREST ON RESERVES.
In recent years, the increased concentration of activity in the banking system has received much attention. In addition, numerous central banks have expanded their range of policy tools to include paying interest on reserves. The objective of this paper is to study the implications of concentration...
| Publicado en: | Economic Inquiry Vol. 59; no. 2; pp. 671 - 696 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Apr2021
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=148947691&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 148947691 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Apr2021 vid: 59 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 148947691 10.1111/ecin.12962 ppf: 671 ppct: 25 formats: fmt: @attributes: type: P size: 525KB tig: atl: BANKING COMPETITION, CAPITAL ACCUMULATION, AND INTEREST ON RESERVES. aug: au: Ghossoub, Edgar A. Reed, Robert R. affil: Department of Economics, University of Texas at San Antonio, University of Texas at San Antonio, San Antonio TX, 782449, USA Department of Economics, Finance, and Legal Studies, University of Alabama, Tuscaloosa AL, 35487, USA su: Banking industry Social services Interest rates Central banking industry sug: subj: Banking industry Social services Commercial Banking Other Depository Credit Intermediation Personal and commercial banking industry Savings Institutions Monetary Authorities-Central Bank Other Individual and Family Services Interest rates Central banking industry ab: In recent years, the increased concentration of activity in the banking system has received much attention. In addition, numerous central banks have expanded their range of policy tools to include paying interest on reserves. The objective of this paper is to study the implications of concentration in the banking sector and the effects of various reserve policies. Changes in the competitive structure affect investment, risk‐sharing, and social welfare. In general, perfect competition should not be a regulatory goal for the banking system. Moreover, it is generally not optimal to pay the same interest rate on required reserves as excess reserves. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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