Asymmetric Information and the Market Structure of the Banking Industry /
The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers' creditworthiness, but, in the process of lending, incumbent banks gather proprietary...
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| Aineistotyyppi: | Aikakauslehti |
| Kieli: | English |
| Julkaistu: |
Washington, D.C. :
International Monetary Fund,
1998.
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| Sarja: | IMF Working Papers; Working Paper ;
No. 1998/092 |
| Linkit: | Full text available on IMF |