stylised facts are considered: globalisation, information technology, and competition. Globalisation and information technology … may have benefited the most productive firms more and the growth of competition may at the same time have stimulated the …

presence of foreign lenders raises competition, reduces domestic lenders profits and hence reduces domestic lenders capital … supply (competition effect). Two different cases are then possible. If foreign lenders are able, in spite of the collateral … competition on the capital market), then the economy benefits at the steady state both from a large capital supply and a low cost …

differentiation and imperfect competition in the banking sector. Macroeconomic shocks affect the return on capital and, together with …

examine the impact of the European Central Bank Securities Markets Programme [SMP] implemented in May 2010 and re- activated …

This paper documents producer price setting in 6 countries of the euro area: Germany, France, Italy, Spain, Belgium and … examines the factors driving producer price changes. It finds that costs structure, competition, seasonality, inflation and …