State banks, institutions and financial development
We present a locational model of banking with two types of private banks, honest and opportunistic, and a state bank that is assumed to be less efficient. Opportunistic banks choose whether to honor their contracts with depositors depending on the probability of contract enforcement. We derive three...
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| Main Authors: | , , |
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| Format: | Default Preprint |
| Published: |
2002
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| Subjects: | |
| Online Access: | https://hdl.handle.net/2134/367 |
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