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...
| Tác giả chính: | |
|---|---|
| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
1998.
|
| Loạt: | IMF Working Papers; Working Paper ;
No. 1998/092 |
| Truy cập trực tuyến: | Full text available on IMF |