sensible theoretical treatment of the interaction between central bank policy and market structures a particularly complex …

The paper provides a systematic comparison of the Eurosystem, the US Federal Reserve and the Bank of Japan. These …

The paper provides a systematic comparison of the Eurosystem, the US Federal Reserve and the Bank of Japan. These …

American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the …

financial crisis of the 20th century - the Great Depression. Using balance-sheet and systemic risk measures at the bank level …, we build an econometric model with incidental truncation that jointly considers bank survival, the type of bank closure … (consolidations, absorption, and failures), and changes to bank risk. Despite roughly 9,000 bank closures, risk did not leave the …

approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure competition … on the lending markets in the five major EU countries as well as, for comparison, the UK, the US and Japan. Bearing the …