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2023 | 2 | 157-213

Article title

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

Authors

Content

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Abstracts

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.

Year

Issue

2

Pages

157-213

Physical description

Dates

published
2023

Contributors

author
  • SGH Warsaw School of Economics

References

Document Type

Publication order reference

Identifiers

Biblioteka Nauki
55789770

YADDA identifier

bwmeta1.element.ojs-doi-10_24425_cejeme_2023_146540
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