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:: year 14, Issue 48 (9-2021) ::
JMBR 2021, 14(48): 215-252 Back to browse issues page
Investigating the risk-taking behavior of the banking industry in the form of the general equilibrium model of overlapping generations (OLG)
Reza Ashraf Ganjavi *1, Noor allah Salehi Asfiji
Abstract:   (279 Views)
In this paper, using a general equilibrium model of overlapping generations, the impact of different financing plans of the banking industry on their risk-taking motivation is investigated. In the non-competitive banking industry, financing is done by imposing taxes on the older generation or the bankchr('39')s internal resources (bank shares). As an effective policy, this action optimizes social risk-taking. But fiscal commitment policies that tax the younger generation always increase the risk. The model predicts that in safe investments due to the existence of depositors with a uniform degree of risk, the optimal path of deposits, bank profits, expected consumption and bank value over time has an upward trend, on the other hand in investment High-risk products are the only optimal path to expected stable consumption. Also in the competitive banking industry, the optimal path of profit and consumption is expected to fluctuate in high-risk investments, but in safe investments, the optimal path of these variables has been smooth after an upward trend.
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Type of Study: Empirical Study | Subject: Monetary Policy, Central Banking, and the Supply of Money and Credit (E5)
Received: 2021/03/5 | Accepted: 2021/11/21 | Published: 2022/02/19
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year 14, Issue 48 (9-2021) Back to browse issues page
فصلنامه پژوهش‌های پولی-بانکی Journal of Monetary & Banking Research
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