Series: IMF Working Papers
Author(s): Kenichi Ueda
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2006
Keywords: Bank-oriented financial system, bank control, firm group, interbank market, deposit rate, bond, banking, financial system, Noncooperative Games, Exchange and Production Economies
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...