banks to park liquidity at the central bank rather than lend in the market. We show that following this structural break …, settlement bank liquidity had a precautionary nature in that it rose on calendar days with a large amount of payment activity and … for banks with greater credit risk. We establish that the liquidity demand by settlement banks caused overnight inter-bank …

impact on bank intermediation applying Regression Discontinuity Designs. Using a unique dataset on Dutch banks, we show that …

also contributed, through the deeply subsidised bank funding it provided through the 3-year LTROs, half of a mechanism to …

exhibits both adverse selection and moral hazard. Depositors do not fully account for the social benefits accruing from bank …

and property prices is large, our results suggest that the direction of influence goes from property prices to bank credit …

transition countries. The survey contains details on 3,105 recent bank loans. At the firm level, our findings suggest that firms …. However, foreign bank presence, weak corporate governance and the absence of capital controls encourage foreign currency …

Using a new data set of the telecommunications sector on privatization (1981-98 for 167 countries) and competition …

study the effect of a net neutrality regulation on capacity investments in the market for Internet access, and on innovation … capacity and content innovation are both higher than under net neutrality. Total welfare increases, though the discriminatory … regime is not always beneficial to the platforms as it can intensify competition for subscribers. As platforms have a …

A few recent contributions have claimed that in high-tech industries—where innovation is often cumulative and products … royalty stacking problem to exist: (a) innovation must be cumulative, so that the patents are complementary; (b) there must be …