A macroeconometric model with oligopolistic banks: monetary control, inflation and growth in Israel

Disinflation, Fiscal Sustainability, And Labor Market Adjustment In Turkey

“…We assumed that the market for bank credit was imperfectly competitive. Alternatively, it could be assumed that the banking system is oligopolistic, as for instance in Beenstock et al (2003). This type of market structure could lead to higher, and more rigid, bank lending spreads.…”