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This study proposes a model that describes banks' decisions about their capital structures and analyzes the regulation of the capital adequacy ratio (CAR), that is, the ratio of equity finance to risky assets. The aim of this study is to investigate two questions. First, which level of CAR is...

The purpose of this paper is to develop an experimental model which links inter-institutional flow of funds to real macroeconomy and then to estimate quantitatively the effects of changing scale of postal savings or government financial institutions on GDP. The empirical analysis indicates that...

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