How Long to Read Financial Intermediation, Competition, and Risk: A General Equilibrium Exposition

How Long Does it Take to Read Financial Intermediation, Competition, and Risk: A General Equilibrium Exposition?

It takes the average reader and 30 minutes to read Financial Intermediation, Competition, and Risk: A General Equilibrium Exposition by Gianni De Nicoló

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

Description

We study a simple general equilibrium model in which investment in a risky technology is subject to moral hazard and banks can extract market power rents. We show that more bank competition results in lower economy-wide risk, lower bank capital ratios, more efficient production plans and Pareto-ranked real allocations. Perfect competition supports a second best allocation and optimal levels of bank risk and capitalization. These results are at variance with those obtained by a large literature that has studied a similar environment in partial equilibrium. Importantly, they are empirically relevant, and demonstrate the need of general equilibrium modeling to design financial policies aimed at attaining socially optimal levels of systemic risk in the economy.

How long is Financial Intermediation, Competition, and Risk: A General Equilibrium Exposition?

Financial Intermediation, Competition, and Risk: A General Equilibrium Exposition by Gianni De Nicoló is 29 pages long, and a total of 7,511 words.

This makes it 10% the length of the average book. It also has 9% more words than the average book.

How Long Does it Take to Read Financial Intermediation, Competition, and Risk: A General Equilibrium Exposition Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 41 minutes to read Financial Intermediation, Competition, and Risk: A General Equilibrium Exposition aloud.

What Reading Level is Financial Intermediation, Competition, and Risk: A General Equilibrium Exposition?

Financial Intermediation, Competition, and Risk: A General Equilibrium Exposition 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 Financial Intermediation, Competition, and Risk: A General Equilibrium Exposition?

Financial Intermediation, Competition, and Risk: A General Equilibrium Exposition by Gianni De Nicoló 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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