We model the impact of bank mergers on loan competition, reserve holdings and aggregate liquidity. A merger changes the … them because of a diversification effect. The merger also affects loan market competition, which in turn modifies the …

(QHFT) model, we classify export goods (at the HS 6-digit level of disaggregation) by quality and price competition. We find … a high proportions of quality-competition goods for the major EU countries and lower proportions for Canada, Australia … and China. However, the overlap of these quality-competition goods is not large, which suggests that characteristics of …