In a model of oligopolistic competition in the banking sector, we analyse how the monetary policy rule chosen by the Central Bank can in ̄uence the incentive of banks to set high interest rates on loans over the business cycle. We exploit the basic model to investigate the potential impact of EMU implementation on collusion among banks. In particular, we consider the possible e€ects of the Europ...

A recently reported procedure for the design of M-channe1 perfect-reconstruction quadrature mirror filter banks uses the concept of “lossless alias-component matrices.” The synthesis of such QMF banks centers around the generation of a lossless M X M FIR transfer matrix E ( z ) . Recent results for such generation have been somewhat ad hoc, Le., not sufficiently general. In this paper, a genera...

The development and the increasing progress that is being experienced in the Information and Communication Technology have brought about a lot of changes in almost all facets of life. In the Banking Industry, it has been in the form of online banking, which is now replacing the traditional banking practice. Online banking has a lot of benefits which add value to customers’ satisfaction in terms...

This paper develops and estimates a dynamic model of consumer demand for deposits, in which banks provide di¤erentiated products, and product characteristics evolve over time. Consumers choose their banks based on the utility received from using their services, and incur a …xed cost when they switch banks. Consequently, consumer choices include which bank to use and when to switch. Utilizing th...

Finding ways to downscale microfinance is one of the current challenges facing commercial banks, especially in developing countries. As banks have a poor knowledge of microfinance, operating in this market will require capacity-building, innovative business models and new technological architectures. This paper discusses how one particular architecture – the Brazilian model of correspondent ban...

We develop a dynamic general equilibrium model of capital accumulation where credit is intermediated by banks operating in a Cournot oligopoly. The number of banks affects capital accumulation through two channels. First, it affects the quantity of credit available to entrepreneurs. Second, it affects banks’ decisions to collect costly information about entrepreneurs, and thus determines the ef...

The present study aims to identify the factors affecting the behavior of customers’ use of e-banking services of Tejarat Bank in Tehran. A qualitative method and an in-depth interview have been applied to achieve the research goal. The information and data collected from the interviews have been analyzed using open coding and axial coding. Then, the initial indicators of the model of using e-ba...

Fatemeh Soleimani Roozbahani PhD Candidate for IT Management, Islamic Azad University, Science and Research Branch of Tehran, Iran Email: [email protected] Sanaz Nikghadam Hojjati PhD Candidate for IT Management, Islamic Azad University, Science and Research Branch of Tehran, Iran Email: [email protected] Reihaneh Azad Master Student of IT Management, Farabi University, Kara...

Monetary economists have long recognized a tension between the bene…ts of fractional reserve banking, such as the ability to undertake more pro…table (long-term) investment opportunities, and the di¢ culties associated with it, such as the risk of insolvency for each bank and the associated losses to bank liability holders. I show that a speci…c banking arrangement (a joint-liability scheme) pr...

This paper provides parametric estimates of technical change, e¢ ciency change, economies of scale, and total factor productivity growth for large banks (those with assets in excess of $1 billion) in the United States, over the period from 2000 to 2005. In doing so, we propose a distance function based primal total factor productivity growth index, which is valid under both perfect and imperfec...