In Germany a public discussion on the power of banks has been going on for decades now with the term power having at … least two meanings. On the one hand, it denotes the power of banks to control public corporations through direct … shareholdings or the exercise of proxy votes this is the power of banks in corporate control. On the other hand, the market power …

swift and massive liquidity provision by central banks in the wake of both crises is, at least partly, to be credited to … previous research on the role of central banks as lenders of last resort in crises and on the real effects of bank lending and …

estimates of liquidity needs. The merged banks may increase their reserve holdings through an internalization effect or decrease … distribution of bank sizes and aggregate liquidity needs. Mergers among large banks tend to increase aggregate liquidity needs and …We model the impact of bank mergers on loan competition, reserve holdings and aggregate liquidity. A merger changes the …

competition control of mergers and acquisitions, analyze their impact on banks and non-financial firms and explain the different … 1987 to 2004, we find that more competition-oriented merger control increases the stock prices of banks and decreases the …

between lender of last resort policy and incentives of private banks, determining the aggregate amount of liquidity available …. We show that imposing minimum liquidity standards for banks ex ante are a crucial requirement for sensible lender of last …Traditionally, aggregate liquidity shocks are modelled as exogenous events. Extending our previous work (Cao & Illing …