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A Note on Bank Behavior and Monetary Policies in an Oligopolistic Market

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Author Info

  • Shota Yamazaki

    (Graduate School of Economics, Keio University)

  • Hiroaki Miyamoto

    (Graduate School of Economics, Keio University)

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    Abstract

    We extend Freixas and Rochet (1997) to two-stage game: In the first stage each bank simultaneously decides on amounts of deposits. Then each bank decides on loan amounts in the second stage. Each stage is a Cournot game in quantity. Scope economies between loans and deposits also arise explicitly in our model. We show that in the case where large economies of scope an increase in the interbank interest rate leads to an decrease in the interest rate on deposits and to an increase in the interest rate on loans.

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    File URL: http://128.118.178.162/eps/io/papers/0408/0408003.pdf
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    Bibliographic Info

    Paper provided by EconWPA in its series Industrial Organization with number 0408003.

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    Length: 14 pages
    Date of creation: 10 Aug 2004
    Date of revision:
    Handle: RePEc:wpa:wuwpio:0408003

    Note: Type of Document - pdf; pages: 14
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    Web page: http://128.118.178.162

    Related research

    Keywords: Bank behavior; Strategic effects; Monetary policies; Scope economies;

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    References

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    1. Bulow, Jeremy I & Geanakoplos, John D & Klemperer, Paul D, 1985. "Multimarket Oligopoly: Strategic Substitutes and Complements," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 93(3), pages 488-511, June.
    2. Fudenberg, Drew & Tirole, Jean, 1984. "The Fat-Cat Effect, the Puppy-Dog Ploy, and the Lean and Hungry Look," American Economic Review, American Economic Association, vol. 74(2), pages 361-66, May.
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    Cited by:
    1. dala, eleni & karpetis, christos & varelas, erotokritos, 2013. "Bank Behavior in Oligopoly, Bank- Clients and Monetary Policy," MPRA Paper 47483, University Library of Munich, Germany.

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