| Description |
1 online resource (31 pages) |
| Series |
IMF working paper ; WP/98/92 |
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IMF working paper ; WP/98/92.
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| Summary |
Annotation 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 |
| Bibliography |
Includes bibliographical references (pages 29-31) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Banks and banking.
|
|
Bank loans.
|
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banks (institutions)
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Bank loans
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Banks and banking
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| Form |
Electronic book
|
| Author |
International Monetary Fund. Research Department, issuing body.
|
| ISBN |
1283561670 |
|
9781283561679 |
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1451897391 |
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9781451897395 |
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1462362060 |
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9781462362066 |
|
1452776482 |
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9781452776484 |
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9786613874122 |
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6613874124 |
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9781451951547 |
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145195154X |
| ISSN |
2227-8885 |
|
