BANKING COMPETITION AND CAPITAL ACCUMULATION: THE IMPORTANCE OF HOW PROFITS ARE RETURNED

We consider the effects of an imperfectly competitive banking sector on the capital stock in a version of the two-period Diamond OLG model, focusing on how profits are returned. There are two broad alternatives: profits may be taxed and returned to households exogenously as fiscal transfers or endogenously as untaxed dividend payments to the (old) holders of bank equity...

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Year of publication:	2005-03-22
Authors:	Roberts, Mark A.
Institutions:	University <Nottingham> / Department of Economics
Published in:	The University of Nottingham / School of Economics - discussion papers Discussion PaperNo. 05/01
Subject:	Bank \| Wettbewerb \| market microstructure \| Finanzlage \| Gewinn \| Eigenkapital

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Extent:	172032 bytes 17 p. application/pdf
Type of publication:	Book / Working Paper
Language:	English
ISSN:	1360-2438
Classification:	E44 - Financial Markets and the Macroeconomy ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; Corporate growth, plant size and choice of location ; Financial theory ; Individual Reports, Studies ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005868774