Two essays on depository institution deregulation

The first essay develops two sets of linear models of a depository institution under various competitive assumptions about deposit and loan markets. To evade an explicit interest rate ceiling, intermediaries pay implicit interest on deposits. The models show that the total rate under ceilings will be greater (less) than the explicit rate paid without ceilings when depositors value implicit interest more (less) than the same level of explicit interest at each deposit level. The models also show that a small simultaneous increase in the ceiling rate and competition will raise optimal profits when depositors heavily favor explicit interest.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Economics

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2011

Author dc:creator

• Barger, Peter Stewart

Contributors dc:contributor

• Arnould, Richard J.

• Economics, Finance

Statement dc:rights

• Copyright 1989 Barger, Peter Stewart

Language dc:language

eng

Identifier

AAI8924764
(UMI)AAI8924764

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/23271