Oligopolistic banking, compensation and financial stability
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Chapter 3 in Money, Banking and the Foreign Exchange Market in Emerging Economies, 2014, pp 34-67 from Edward Elgar Publishing
Abstract:
Despite the financial liberalization agenda of the mid-1980s, a system of bank oligopolies has developed in both large and small, open developing economies. Mainstream monetary theory tends to assume a capital markets structure and is therefore not well suited to an analysis of these economies. This book outlines a unique theoretical framework that can be used to examine monetary and exchange rate policies in developing economies or other economies in which banks dominate external finance.
Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2014
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