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010   $a9786613830494
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035   $a(EBL)3014342
035   $a(SSID)ssj0000940067
035   $a(PQKBManifestationID)11518980
035   $a(PQKBTitleCode)TC0000940067
035   $a(PQKBWorkID)10947843
035   $a(PQKB)10026151
035   $a(OCoLC)698585544
035   $a(MiAaPQ)EBC3014342
035   $a(IMF)WPIEE2006264
035   $a(EXLCZ)993360000000443973
100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aBanks As Coordinators of Economic Growth /$fKenichi Ueda
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (77 p.)
225 1 $aIMF Working Papers
300   $a"November 2006."
311   $a1-4518-6524-4 
327   $a""Contents""; ""I. INTRODUCTION""; ""II. MODEL SETTING AND CHARACTERISTICS""; ""III. UNIQUE EQUILIBRIUM CANDIDATE WITH STRATEGIC INTERMEDIATION""; ""IV. EXISTENCE OF AN EQUILIBRIUM WITH FREE RECONTRACTING OPPORTUNITY""; ""V. DISCUSSION""; ""VI. CONCLUDING REMARKS""; ""REFERENCES""; ""APPENDIX I. PROOFS""; ""APPENDIX II. EXISTENCE OF AN OPTIMAL PLAN""; ""APPENDIX III. PARETO- OPTIMAL ALLOCATION AND WALRASIAN EQUILIBRIUM""; ""APPENDIX IV. ALLOCATIONS UNDER OTHER PRODUCTION FUNCTIONS""; ""APPENDIX V. ECONOMY WITH PRIVATE DIRECT FINANCE""
327   $a""APPENDIX VI. RELATION TO DISCONTINUOUS GAME LITERATURE""
330 3 $aThis paper formally identifies an important role of banks: Banks competitively internalize production externalities and facilitate economic growth. I formulate a canonical growth model with externalities as a game among consumers, firms, and banks. Banks compete for deposits to seek monopoly profits, including externalities. Using loan contracts that specify price and quantity, banks control firms' investments. Each bank forms a firm group endogenously and internalizes externalities directly within a firm group and indirectly across firm groups. This unique equilibrium requires a condition that separates competition for sources and uses of funds. I present a realistic institution that satisfies this condition.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/264
606   $aEconomic development$xEconometric models
606   $aBanks and banking$xEconometric models
606   $aBanks and Banking$2imf
606   $aFinance: General$2imf
606   $aIndustries: Financial Services$2imf
606   $aNoncooperative Games$2imf
606   $aExchange and Production Economies$2imf
606   $aBanks$2imf
606   $aDepository Institutions$2imf
606   $aMicro Finance Institutions$2imf
606   $aMortgages$2imf
606   $aEconomic Development: Financial Markets$2imf
606   $aSaving and Capital Investment$2imf
606   $aCorporate Finance and Governance$2imf
606   $aOne, Two, and Multisector Growth Models$2imf
606   $aGeneral Financial Markets: General (includes Measurement and Data)$2imf
606   $aInterest Rates: Determination, Term Structure, and Effects$2imf
606   $aBanking$2imf
606   $aFinance$2imf
606   $aLoans$2imf
606   $aInterbank markets$2imf
606   $aDeposit rates$2imf
606   $aBank deposits$2imf
606   $aFinancial institutions$2imf
606   $aFinancial markets$2imf
606   $aFinancial services$2imf
606   $aCompetition$2imf
606   $aBanks and banking$2imf
606   $aInternational finance$2imf
606   $aInterest rates$2imf
607   $aUnited States$2imf
615  0$aEconomic development$xEconometric models.
615  0$aBanks and banking$xEconometric models.
615  7$aBanks and Banking
615  7$aFinance: General
615  7$aIndustries: Financial Services
615  7$aNoncooperative Games
615  7$aExchange and Production Economies
615  7$aBanks
615  7$aDepository Institutions
615  7$aMicro Finance Institutions
615  7$aMortgages
615  7$aEconomic Development: Financial Markets
615  7$aSaving and Capital Investment
615  7$aCorporate Finance and Governance
615  7$aOne, Two, and Multisector Growth Models
615  7$aGeneral Financial Markets: General (includes Measurement and Data)
615  7$aInterest Rates: Determination, Term Structure, and Effects
615  7$aBanking
615  7$aFinance
615  7$aLoans
615  7$aInterbank markets
615  7$aDeposit rates
615  7$aBank deposits
615  7$aFinancial institutions
615  7$aFinancial markets
615  7$aFinancial services
615  7$aCompetition
615  7$aBanks and banking
615  7$aInternational finance
615  7$aInterest rates
700   $aUeda$b Kenichi$01610668
801  0$bDcWaIMF
906   $aBOOK
912   $a9910808878003321
996   $aBanks As Coordinators of Economic Growth$93986743
997   $aUNINA