Articles

Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking

V. ACHARYA, D. GROMB, T. YORULMAZER

American Economic Journal: Macroeconomics

2011

Départements : Finance, GREGHEC (CNRS)

Mots clés : Competition, Interbank Lending, Market Power, Asset Specificity, Central Bank, Lender of Last Resort



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