| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2918 |
| DP2918 On the Fiscal Implications of Twin Crises | |
| Martin Eichenbaum; Sérgio Rebelo; Craig Burnside | |
| 发表日期 | 2001-08-15 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | We show that information sharing among banks may serve as a collusive device. An informational sharing agreement is an a-priori commitment to reduce informational asymmetries between banks in future lending. Hence, information sharing tends to increase the intensity of competition in future periods and, thus, reduces the value of informational rents in current competition. We contribute to the existing literature by emphasising that a reduction in informational rents will also reduce the intensity of competition in the current period, thereby reducing competitive pressure in current credit markets. We provide a large class of economic environments, where a ban on information sharing would be strictly welfare enhancing. |
| 主题 | Financial Economics ; Industrial Organization |
| 关键词 | Information sharing Collusion Imperfectly competitive credit markets |
| URL | https://cepr.org/publications/dp2918 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531962 |
| 推荐引用方式 GB/T 7714 | Martin Eichenbaum,Sérgio Rebelo,Craig Burnside. DP2918 On the Fiscal Implications of Twin Crises. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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