How Long to Read Crisis in Competitive Versus Monopolistic Banking Systems

How Long Does it Take to Read Crisis in Competitive Versus Monopolistic Banking Systems?

It takes the average reader and 41 minutes to read Crisis in Competitive Versus Monopolistic Banking Systems by Mr. Bruce D. Smith

Assuming a reading speed of 250 words per minute. Learn more

Description

We study a monetary, general equilibrium economy in which banks exist because they provide intertemporal insurance to risk-averse depositors. A "banking crisis" is defined as a case in which banks exhaust their reserve assets. Under different model specifications, the banking industry is either a monopoly bank or a competitive banking industry. If the nominal rate of interest (rate of inflation) is below (above) some threshold, a monopolistic banking system will always result in a higher (lower) crisis probability. Thus, the relative crisis probabilities under the two banking systems cannot be determined independently of the conduct of monetary policy. We further show that the probability of a "costly banking crisis" is always higher under competition than under monopoly. However, this apparent advantage of the monopoly bank is due strictly to the fact that it provides relatively less valuable intertemporal insurance. These theoretical results suggest that banking system structure may matter for financial stability.

How long is Crisis in Competitive Versus Monopolistic Banking Systems?

Crisis in Competitive Versus Monopolistic Banking Systems by Mr. Bruce D. Smith is 41 pages long, and a total of 10,291 words.

This makes it 14% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read Crisis in Competitive Versus Monopolistic Banking Systems Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 56 minutes to read Crisis in Competitive Versus Monopolistic Banking Systems aloud.

What Reading Level is Crisis in Competitive Versus Monopolistic Banking Systems?

Crisis in Competitive Versus Monopolistic Banking Systems is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Crisis in Competitive Versus Monopolistic Banking Systems?

Crisis in Competitive Versus Monopolistic Banking Systems by Mr. Bruce D. Smith is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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