Cartel Formation in the Financial Sector during Different Stages of Business Cycle
Cartel Formation in the Financial Sector during Different Stages of Business Cycle

Author(s): Andrius Guzavičius
Subject(s): Business Economy / Management, Evaluation research, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: cartel; business cycle; behavioral finance;
Summary/Abstract: Today's research on cyclical fluctuation in economy is one of the main topic in scientific debate in the field of many different approaches. The current stage of business cycle affects both the financial institution and consumer behavior, so the established cartel stability within the changing business cycle phases depends on the members’ flexibility and speed of reaction to changes within the market. Financial institutions, having collusive agreement, are more orientated to gain benefit from collective action when there is economic boom.

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