Samenvatting
The well-known Klein-Monti model of bank behavior considers a monopolistic
bank. We demonstrate that this model’s results on the comparative
static effects of a change in the exogenous interbank market interest rate do
not necessarily hold in oligopolistic Cournot or Stackelberg generalizations.
Introducing asymmetries in the cost functions of the banks, or in their way
of conduct, may imply counterintuitive effects on the individual banks’ volumes
of loans and deposits.
Keywords: Bank behavior, Cournot oligopoly, Stackelberg oligopoly
| Originele taal-2 | English |
|---|---|
| Plaats van productie | Groningen |
| Uitgever | University of Groningen, SOM research school |
| Aantal pagina's | 15 |
| Volume | 126 |
| Status | Published - 1999 |