Oligopolistic banks in a small open economy

PhD Seminar (Econ)

Speaker

Sadia Afrin, PhD scholar, Arndt-Corden Department of Economics, Crawford School, ANU.

Venue

Other, please see description for details

Date

Friday, 30 June, 2017 - 09:30 to 11:00

The paper designs a small open-economy model with an oligopolistic banking sector. The interest mark-up for loans depends on the number of banks in operation. Entry of banks to the market is determined endogenously. Using Australian data, the model implies a countercyclical mark-up rate for bank loans, and one that varies inversely with the number of banks. The market power of banks amplifies business cycles in some cases.

Find flyers, registration, and complete event details at https://crawford.anu.edu.au/news-events/events/10363/oligopolistic-banks-small-open-economy

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