• The historical relation between banking, insurance and economic 

      Adams, Mike; Andersson, Jonas; Andersson, Lars-Fredrik; Lindmark, Magnus (Discussion paper, Working paper, 2005)
      We examine empirically the dynamic historical relation between banking, insurance economic (income) growth in Sweden using time-series data from 1830 to 1998. We examine long-run historical trends in the data using ...
    • What determines banks’ market power? : Akerlof versus Herfindahl 

      Kim, Moshe; Kristiansen, Eirik Gaard; Vale, Bent (Discussion paper, Working paper, 2005-09)
      We introduce a model analyzing how asymmetric information problems in a bank-loan market may evolve over the age of a borrowing firm. The model predicts a life-cycle pattern for banks’ interest rate markup. Young firms ...