relationship bank, but not to a transaction bank. We show that borrowers self-select to relationship banks depending on whether … transaction banks. Soft information can be interpreted as a private signal about the quality of a firm that is observable to a … their privately observed soft information is positive or negative. Competition affects the investment in learning the …

This paper analyses the impact of loan market competition on the interest rates applied by euro area banks to loans and … stronger competition implies significantly lower spreads between bank and market interest rates for most loan market products … bank interest rates, we likewise find that banks tend to price their loans more in accordance with the market in countries …

competition are quite limited. We propose and implement a frontierbased method to assess relative competition in bank …Banks supply payment services that underpin the smooth operation of the economy. To ensure an efficient payment system …, it is important to maintain competition among payment service providers but data available to gauge the degree of …

We study the prices that individual banks pay for liquidity (captured by borrowing rates in repos with the central bank … and benchmarked by the overnight index swap) as a function of market conditions and bank characteristics. These prices … depend in particular on the distribution of liquidity across banks, which is calculated over time using individual banklevel …

loans and the spreads between the interest rates on loans granted by banks and the interest rates banks had to pay on their …

the internal guidelines or criteria of a bank which reflect the bank’s loan policy. The terms and conditions of a loan …This occasional paper explains why the bank lending survey was developed by the ECB and describes its main features. It … clarifies why the survey was introduced. Furthermore, the paper demonstrates that the value added of implementing a bank lending …

simulation exercise is performed on how various external shocks affect the balance sheet of an average European bank under the …, and the interaction with banks’ risk management, supervisory tools and statistical requirements. It also examines how the … application of fair value accounting to banks’ trading book has impacted their share price volatility. It is concluded that the …

unique equilibrium path of bank and financial market lending. Yet we also show that economies whose fundamental …

This paper develops a DSGE model where banks use short-term deposits to provide firms with long-term credit. The demand …