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Financial Structure and Social Coalitional Equilibrium

Author

Listed:
  • Ken Urai

    () (Graduate School of Economics, Osaka University)

  • Akihiko Yoshimachi

    () (Doshisha University)

  • Kousuke Yokota

    () (Kobe Gakuin University)

Abstract

In this paper, we give a general equilibrium model of the financial structure including money, bonds, and several banks and their integration and abolition. We treat a bank as a coalition of members of the society, (not as a member of the society), and use the social coalitional equilibrium concept for descripting the dynamic economic structure. This paper will provide a new perspective on the temporary general equilibrium approach for monetary and dynamic financial arguments.

Suggested Citation

  • Ken Urai & Akihiko Yoshimachi & Kousuke Yokota, 2009. "Financial Structure and Social Coalitional Equilibrium," Discussion Papers in Economics and Business 09-41, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
  • Handle: RePEc:osk:wpaper:0941
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    File URL: http://www2.econ.osaka-u.ac.jp/library/global/dp/0941.pdf
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    Keywords

    Temporary General Equilibrium; Social Coalitional Equilibrium; Financial Structure; Indirect Finance; Bankruptcy;

    JEL classification:

    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • G00 - Financial Economics - - General - - - General
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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