The most important policy instruments of the Bundesbank and of the coming European Central Bank involve lending to … domestic credit institutions. In this monetary setup, banks use short-term central bank credits extensively in order to … borrowed reserves is of crucial importance for monetary policy practice. -- Loan and money supply ; central bank lending …

technique is based on the theory generalized partial linear models. We illustrate the advantages of this approach using a …

In a world with imperfect competition, market externalities or asymmetric information, the impact of money and monetary …. -- monetary policy ; Endogenous money ; industrial organization approach to banking theory ; money multiplier ; vector error …

(geno-) types as in evolutionary biology and game theory. Survival in inter- and intraspecies competition together with … competition and analyze the conditions for species survival. The second aspect refers to success in intraspecies competition of …

leadership. Our data, however, does not confirm the theory. While Stackelberg equilibria are extremely rare we often observe …

We report on an experiment designed to compare Stackelberg and Cournot duopoly markets with quantity competition. For …

Most models of labor markets and (un)employment neglect how competition among firms or sectors of the economy affects … by price competition. A special advantage of such a framework is that one can distinguish two kinds of employment effects …