Financial Structure and Social Coalitional Equilibrium

Ken Urai (), Akihiko Yoshimachi () and Kousuke Yokota ()
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Ken Urai: Graduate School of Economics, Osaka University
Akihiko Yoshimachi: Doshisha University
Kousuke Yokota: Kobe Gakuin University

No 09-41, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: In this paper, we give a general equilibrium model of the financial structure including money, bonds, and several banks and their integration and abolition. We treat a bank as a coalition of members of the society, (not as a member of the society), and use the social coalitional equilibrium concept for descripting the dynamic economic structure. This paper will provide a new perspective on the temporary general equilibrium approach for monetary and dynamic financial arguments.

Keywords: Temporary General Equilibrium; Social Coalitional Equilibrium; Financial Structure; Indirect Finance; Bankruptcy (search for similar items in EconPapers)
JEL-codes: C62 D52 E00 G00 G33 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2009-12
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Persistent link: https://EconPapers.repec.org/RePEc:osk:wpaper:0941

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