Similar Search Results

Impact of bank competition on the interest rate pass-through in the euro area

leuvensteijn, M. van; Sorensen, C. Kok; Bikker, J.A.; … - de Nederlandsche Bank - 2008

This paper analyses the impact of loan market competition on the interest rates applied by euro area banks to loans and … deposits during the 1994-2004 period, using a novel measure of competition called the Boone indicator. We find evidence that … stronger competition implies significantly lower spreads between bank and market interest rates for most loan market products …

Persistent link: https://www.econbiz.de/10005106652

Retail Payments in the Netherlands: some Facts and Some Theory

Bolt, W. - de Nederlandsche Bank - 2003

In the first part of this article we present a brief description of Dutch retail payment systems in terms of market structure and performance, usage of payment instruments, and corresponding tariff structures. Although it is con-cluded that the Dutch retail payment market as a whole showed...

Persistent link: https://www.econbiz.de/10005106713

Market Thinness, List Price Revisions and Time to Sell: Evidence from a large-scale housing dataset

Hoeberichts, Marco; Rooij, Maarten van; Siegmann, Arjen - de Nederlandsche Bank - 2008

This paper uses a large dataset, covering more than 70% of the Dutch housing market, to analyze the relationship between market thinness, price setting behavior and time to sell. Our findings confirm the typical result that overpricing increases the time on market. In addition, we find evidence...

Persistent link: https://www.econbiz.de/10005021841

An Emprical Analysis of Price Setting Behaviour in the Netherlands in the Period 1998-2003 Using Micro Data

Jonker, Nicole; Folkertsma, Carsten; Blijenberg, Harry - de Nederlandsche Bank - 2004

In this paper we examine pricing behaviour of retail firms in the Netherlands during 1998-2003 using alarge database with monthly price quotes of 49 articles, representing different product types. We have conducted this study in order to gain in sight in the degree of nominal rigidity of...

Persistent link: https://www.econbiz.de/10005106661

Credit Ratings of the Banking Sector

Jonker, N. - de Nederlandsche Bank - 2002

In this paper we analyse the credit rating transitions of banks in Europe, the United States and Japan by using a competing risks model. We have distinguished two types of rating transitions: upgrading and downgrading. We have used some bank characteristics, like country of domicile, type of...

Persistent link: https://www.econbiz.de/10005106690

Microfoundations of Two-sided Markets: The Payment Card Example

McAndrews, James; Wang, Zhu - de Nederlandsche Bank - 2007

empirical predictions and is less dependent on a particular form of imperfect competition than other approaches. Our findings in …

Persistent link: https://www.econbiz.de/10005021829

Must-Take Cards and the Tourist Test

Rochet, Jean-Charles; Tirole, Jean - de Nederlandsche Bank - 2007

Antitrust authorities often argue that merchants cannot reasonably turn down payment cards and therefore are forced to accept unacceptably high merchant discounts. The paper attempts to shed light on this must-take cards view from two angles. First, the paper gives some operational content to...

Persistent link: https://www.econbiz.de/10005021836

Credit in a Tiered Payments System

Lai, Alexandra; Chande, Nikil; O'Conner, Sean - de Nederlandsche Bank - 2007

Payments systems are typically characterized by some degree of tiering, with upstream firms (clearing agents) providing settlement accounts to downstream institutions that wish to clear and settle payments indirectly in these systems (indirect clearers). Clearing agents provide their indirect...

Persistent link: https://www.econbiz.de/10005021840

Skewed Pricing in Two-Sided Markets: An IO approach

Bolt, Wilko; Tieman, Alexander F. - de Nederlandsche Bank - 2004

In two-sided markets, one widely observes skewed pricing strategies, in which the price mark-up is much higher on one side of the market than the other. Using a simple model of two-sided markets, we show that, under constant elasticity of demand, skewed pricing is indeed pro?t maximizing. The...

Persistent link: https://www.econbiz.de/10004970699

A Note on Social Welfare and Cost Recovery in Two-Sided Markets

Bolt, Wilko; Tieman, Alexander - de Nederlandsche Bank - 2004

Using a simple model of two-sided markets, we show that, in the social optimum, platform pricing leads to an inherent cost recovery problem. This result is driven by the positive externality of participation that users on either side of the market exert on the opposite side. The contribution of...

Persistent link: https://www.econbiz.de/10005101818