Banks, Relative Performance, and Sequential Contagion
We develop a multi-period general equilibrium model of bank deposit, credit, and interim inter-bank loan markets in which banks initially specialize in their choices of debtors, leading to under-diversification, but nevertheless become entwined via inter-bank markets, leading to the fortunes of one...
| Main Authors: | , , , |
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| Format: | Journal article |
| Published: |
2007
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