Confiance dans le système bancaire et croissance économique
Abstract[fre] Cet article propose un modÃ¨le de croissance endogÃ¨ne dans lequel on introÂduit des intermÃ©diaires financiers en concurrence imparfaite et une rÃ©munÃ©ration du capital soumise Ã un choc macroÃ©conomique. Les anticipations rationnelles des mÃ©nages sur le risque de faillites bancaires (dont ils supportent en partie les coÃ»ts) influencent leurs dÃ©cisions de dÃ©pÃ´ts, contribuent Ã dÃ©terminer le taux de croissance, et peuvent Ãªtre Ã l'origine d'un piÃ¨ge Ã pauvretÃ©. La rÃ©glementation de l'entrÃ©e dans le secteur bancaire peut, dans certains cas, permettre un meilleur arbitrage entre l'efficacitÃ© et la stabilitÃ© du secteur bancaire, et, en consÃ©quence, augmenter le nombre de dÃ©pÃ´ts, la croissance et le bien-Ãªtre. [eng] This paper presents a model of endogenous growth with imperfect competition in the banking sector and macroeconomic uncertainty. Households have rational expectations of banks failures, whose costs affect their deposit behaviour and the growth rate and may cause a self-fulfilling poverty trap. The regulation of entry in the banking sector may provide a better tradeoff between stability and efficiency than free entry, and increase the number of deposits, growth and welfare.
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Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): n° 48 (1997)
Issue (Month): 3 ()
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Web page: http://www.cairn.info/revue-economique.htm
Other versions of this item:
- Jean-Bernard Chatelain & Olivier De Bandt & Bruno Amable, 1997. "Confiance dans le système bancaire et croissance économique," Revue Économique, Programme National Persée, vol. 48(3), pages 397-407.
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- Besanko, David & Thakor, Anjan V., 1992. "Banking deregulation: Allocational consequences of relaxing entry barriers," Journal of Banking & Finance, Elsevier, vol. 16(5), pages 909-932, September.
- Diamond, Douglas W, 1984. "Financial Intermediation and Delegated Monitoring," Review of Economic Studies, Wiley Blackwell, vol. 51(3), pages 393-414, July.
- Bordo, Michael D. & Rockoff, Hugh & Redish, Angela, 1994. "The U.S. Banking System From a Northern Exposure: Stability versus Efficiency," The Journal of Economic History, Cambridge University Press, vol. 54(02), pages 325-341, June.
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