Competition in the Financial Sector and Financial Crises in a Business Cycle Model

• Autorzy: Paweł Kopiec
• Języki publikacji: EN

Abstrakty

EN

This theoretical work studies a dynamic general equilibrium model with the financial sector in which aggregate activity depends on the conditions of intermediaries' balance sheets. This environment is used to demonstrate the business cycle consequences of changes in competition in the financial industry. On the one hand, a more competitive banking sector is associated with a higher average level of aggregate output. On the other hand, however, a less competitive financial industry increases financial and macroeconomic stability. This trade-off is present both in the short run and in the long run. (original abstract)

Słowa kluczowe

EN

Financial crisis; Competition; Banking sector

PL

Kryzys finansowy; Konkurencja; Sektor bankowy

• Czasopismo: Central European Journal of Economic Modelling and Econometrics (CEJEME)
• Rocznik: 2023
• Tom: 15
• Numer: nr 2
• Strony: 157--213

Twórcy

autor

Paweł Kopiec

• SGH Warsaw School of Economics

Bibliografia

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Identyfikatory

DOI

10.24425/cejeme.2023.146540