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Monopolistic Pricing in the Banking Industry: a Dynamic Portfolio Model Author info | Abstract | Publisher info | Download info | Related research | Statistics Enzo Dia (Università degli studi di Milano-Bicocca)
This work develops a portfolio model of the banking firm where both the size and composition of the portfolio are jointly determined. The model provides a quite simple micro-foundation of the credit channel of the transmission of monetary policy. It allows analysing the pricing policies of the banking firm, and shows how interest rate shocks and credit quality shocks (the real shocks that change expected default costs) affect the equilibrium level of loans and deposits.
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Paper provided by EconWPA in its series Finance with number
0411025.
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Length: 51 pages
Date of creation: 11 Nov 2004Date of revision:
Handle: RePEc:wpa:wuwpfi:0411025Note: Type of Document - pdf; pages: 51Contact details of provider: Web page: http://129.3.20.41
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Find related papers by JEL classification: G - Financial Economics E - Macroeconomics and Monetary Economics
This paper has been announced in the following NEP Reports :
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Thistle, Paul D. & McLeod, Robert W. & Conrad, B. Lynne, 1989.
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"Debt Maturity and the Deadweight Cost of Leverage: Optimally Financing Banking Firms ,"
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