search query: @indexterm CAPITAL ACCUMULATION / total: 28
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| Author: | Guzman, M. |
| Title: | Bank structure, capital accumulation and growth: a simple macroeconomic model |
| Journal: | Economic Theory
2000 : VOL. 16:2, p. 421-456 |
| Index terms: | ECONOMIC THEORY BANKS CAPITAL ACCUMULATION |
| Language: | eng |
| Abstract: | This paper analyzes the equilibrium growth paths of two economies that are identical in all respects, except for the organization of their financial systems: in particular, one has a competitive banking system and the other has a monopolistic banking system. In addition, the sources of inefficiencies, as a result of monopoly banking, and their relationship to the existence of credit rationing are explored. |
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