Endogeneous Risk in Monopolistic Competition

Vladislav Damjanovic

No 1208, Discussion Papers from University of Exeter, Department of Economics

Abstract: We consider a model of financial intermediation with a monopolistic competition market structure. A non-monotonic relationship between the risk measured as a probability of default and the degree of competition is established.

Keywords: Competition and Risk, Risk in DSGE models, Bank competition; Bank failure, Default correlation, Risk-shifting effect, Margin effect. (search for similar items in EconPapers)
JEL-codes: D43 E13 E43 G21 G24 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-ban, nep-bec, nep-com, nep-dge and nep-rmg
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https://exetereconomics.github.io/RePEc/dpapers/DP1208.pdf (application/pdf)

Related works:
Journal Article: Endogenous risk in monopolistic competition (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:exe:wpaper:1208

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