• Bank Mergers, Interest Rates and the Fragility of Loan Markets 

      Koskela, Erkki; Stenbacka, Rune
      VATT-keskustelualoitteita : 113 (Valtion taloudellinen tutkimuskeskus VATT, 01.01.1996)
      We model the interaction between the concentration of the banking sector and the investment strategies of imperfectly competitive firms in the product market to address the question of whether competition makes loan markets ...