BENSAID, Bernard; PALMA, André DE - In: Annales d'Economie et de Statistique (1995) 40, pp. 161-176
This paper focuses on the monetary policy channels in an imperfect competition framework of the banking sector. It emphasizes the relationship between the commercial banks rate and the lending rate of the central bank. The framework of imperfect competition is provided by the Salop [1979] model...