INTERRELATED BANK STRATEGIES, FINANCIAL FRAGILITY AND CREDIT EXPANSION: A POST KEYNESIAN APPROACH

Antonio J. Alves, Gary Dymski and Luiz Fernando de Paula ()

Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32nd Brazilian Economics Meeting] from ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics]

Abstract: This paper aims at clarifying the relationship between individual bank and banking industry behavior in credit expansion. We argue that the balance sheet structure of an individual bank is only partially determined by its management decision about how aggressively to expand credit; it is also determined by the balance sheet positions of other banks. This relationship is explicitly shown by a disaggregation of the variable that enters into the simple money multiplier. The approach developed here opens a way to integrating the micro and macro levels in a Keynesian banking-system analysis.

JEL-codes: E12 E32 E44 (search for similar items in EconPapers)
Date: 2004
New Economics Papers: this item is included in nep-mac and nep-pke
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