Inside-outside money competition
Article Abstract:
Inside money competition may enhance efficiency if the provision of increasingly efficient inside money competes with a fully committed central bank aiming at maximizing revenues. Two main qualifications to the view that inside-outside money competition works as standard product competition are mentioned.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
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Bank panics and the endogeneity of central banking
Article Abstract:
Central Bank's strategies during a financial crisis when other banks need liquidity and response of the banking system are examined.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006
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