What's different among banks?

Article Abstract:

The presence of monopoly power at the level of individual banks was established through utilization of an event study framework. Such power gives banks comparative edge over other financial institutions in processing information regarding the likelihood of default by borrowers. The approach also showed the need to supplement arguments illustrating interindustry monopoly power with those related to intraindustry monopoly power.

Analysis, Monopolistic competition

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Bank-based versus market-based financial systems: a growth-theoretic analysis

Article Abstract:

Implications of bank-based and market-based financial systems of an endogenous growth model are examined. Bank-based systems are revealed as more growth-oriented.

United States, Financial Corporations, Models, Financial institutions, Growth, Company growth, Stock markets, Stock market

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Bank net worth, asset prices and economic activity

Article Abstract:

The interactions between the banking sector, asset prices and aggregate economic activity are examined using a dynamic general equilibrium model.

Equilibrium (Economics)

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