Gupta, Rangan (contributor) - 2005
the deposits as cash reserves. We assume that no resources are required to
operate the banking system. During the medium … deposits in the banking system; ht is the stock of human capital at the beginning of period t; Rdt is the
nominal interest rate …, Marco., and Yip, Chong K., 1996. ‘An Endogenous Growth Model of Money, Banking, and
Financial Repression’, Working Paper, 96 …