A crucial condition for the existence of a credit channel through bank loans is that monetary policy should be able to … change bank loan supply. This paper contributes to the discussion on this issue by presenting empirical evidence from dynamic … the average bank reduces its lending more sharply in reaction to a restrictive monetary policy measure, the lower its …

such cooperative practices. There are two adjacent markets with one savings or cooperative bank being focused on each one … and one private commercial bank serving both. We find that abolishing regional demarcation indeed increases total loan … shields the private commercial bank from aggressive competition by these banks. -- banking ; competition ; cooperation : non …

This paper suggests a motive for bank mergers that goes beyond alleged and typically unverifiable scale economies … distress mergers. The data comprise 3640 banks and 1484 mergers. Our results suggest that bank mergers as a means of preemtive …

cooperative banks in seven European countries where they are prominent (Austria, Finland, France, Germany, Italy, the Netherlands …

of such cooperative practices. We study two adjacent markets comprising one savings or cooperative bank that focuses on … one market and one private commercial bank serving both. We acknowledge that savings and cooperative banks have atypical … demarcation that shields the private commercial bank from aggressive competition …