Financial liberalization with banking oligopoly: penalizing saving and productive investment
This essay shows that when banks operate under conditions of oligopolistic competition and with asymmetrical expectations regarding its clients, the liberalization of interest rates can frustrate its aims. Such a policy will probably lead to a reduction of interest rates on bank deposits, an increas...
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| Formato: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2011 |
| País: | México |
| Recursos: | UNIVERSIDAD NACIONAL AUTÓNOMA DE MÉXICO |
| Repositorio: | Problemas del Desarrollo. Revista Latinoamericana de Economía |
| Idioma: | español |
| OAI Identifier: | oai:ojs.pkp.sfu.ca:article/28940 |
| Acesso em linha: | https://www.probdes.iiec.unam.mx/index.php/pde/article/view/28940 |
| Access Level: | acceso abierto |
| Palavra-chave: | Liberalizacion financera ahorro inversion intermediación |
| Resumo: | This essay shows that when banks operate under conditions of oligopolistic competition and with asymmetrical expectations regarding its clients, the liberalization of interest rates can frustrate its aims. Such a policy will probably lead to a reduction of interest rates on bank deposits, an increase in intermediation margins and a greater degree of credit rationing. |
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