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The impact of the ECB's targeted long-term refinancing operations on banks' lending policies : the role of competition
Andreeva, Desislava Č.; García-Posada, Miguel - 2019
Persistent link: https://www.econbiz.de/10012015902
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The impact of the ECB's targeted long-term refinancing operations on banks' lending policies : the role of competition
Andreeva, Desislava Č.; García-Posada, Miguel - 2020
We assess the impact of the Eurosystem's Targeted Long-Term Refinancing Operations (TLTROs) on the lending policies of euro area banks. We first build a theoretical model in which banks compete in the credit and deposit markets. We distinguish between direct and indirect effects. Direct effects...
Persistent link: https://www.econbiz.de/10012150125
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The Impact of the ECB's Targeted Long-Term Refinancing Operations on Banks’ Lending Policies : The Role of Competition
Andreeva, Desislava - 2020
We assess the impact of the Eurosystem's Targeted Long-Term Refinancing Operations (TLTROs) on the lending policies of euro area banks. We first build a theoretical model in which banks compete in the credit and deposit markets. We distinguish between direct and indirect effects. Direct effects...
Persistent link: https://www.econbiz.de/10012844182
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The Impact of the ECB’s Targeted Long-Term Refinancing Operations on Banks’ Lending Policies : The Role of Competition
Andreeva, Desislava - 2019
We assess the impact of the Eurosystem's Targeted Long-Term Refinancing Operations (TLTROs) on the lending policies of euro area banks. To guide our empirical research, we build a theoretical model in which banks compete à la Cournot in the credit and deposit markets. According to the model, we...
Persistent link: https://www.econbiz.de/10012893358
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the Impact of TLTROs on Banks’ Lending Policies : The Role of Competition
Garcia-Posada, Miguel - 2019
that the TLTROs produce in the competition between banks in the loan and deposit markets and which also affect banks that …
Persistent link: https://www.econbiz.de/10012868275
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Product market structure and monetary policy : evidence from the euro area
Ferrando, Annalisa; McAdam, Peter; Petroulakis, Filippos; … - 2021
be conditioned by the degree of market competition. We first identify conditions under which changes in marginal costs … competition setting. We then exploit changes in monetary policy to examine whether the pass-through of borrowing costs is affected …
Persistent link: https://www.econbiz.de/10012745332
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Target the untargeted : essays in unconventional disclosures and policies
Tuijn, Marcel Christiaan - 2020
Persistent link: https://www.econbiz.de/10012416523
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Is the bond market competitive? : evidence from the ECB's asset purchase programme
Breckenfelder, Johannes; Collin-Dufresne, Pierre; … - 2023 - This draft: February 22, 2024
Persistent link: https://www.econbiz.de/10014483063
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Watching over 21,000 billion euros : does the ECB Single Supervisory Mechanism affect bank competition in the euro area?
Raunig, Burkhard; Sigmund, Michael - 2023
that the SSM reduced competition for SSM banks in countries affected by the sovereign debt crisis. Otherwise, the impact of … the SSM was limited or competition increased. Furthermore, our results suggest that anti-competitive side effects of the …
Persistent link: https://www.econbiz.de/10014416089
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New paradigms in monetary theory and policy?
Balling, Morten (ed.); Orphanides, Athanasios (ed.) - New Paradigms in Money and Finance? <Veranstaltung> …; … - 2012
On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the …
Persistent link: https://www.econbiz.de/10011711450