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A new approach to measuring competition in the loan markets of the euro area

Leuvensteijn, Michiel van; Bikker, Jacob A.; Rixtel, … - 2007

on the lending markets in the five major EU countries as well as, for comparison, the UK, the US and Japan. Bearing the …, whereas overall loan markets in Germany and Spain were among the best competitive in the EU. The Netherlands occupied a more …, particularly in Germany and the US, than savings and cooperative banks …

Persistent link: https://www.econbiz.de/10003484173

A new approach to measuring competition in the loan markets of the euro area

Leuvensteijn, Michiel van; Bikker, Jacob A.; Rixtel, … - 2007

Persistent link: https://www.econbiz.de/10003495971

Monetary policy in exceptional times

Lenza, Michele; Pill, Huw; Reichlin, Lucrezia - 2010

This paper describes the response of three central banks to the 2007-09 financial crisis: the European Central Bank, the Federal Reserve and the Bank of England. In particular, the paper discusses the design, implementation and impact of so-called "non-standard" monetary policy measures focusing...

Persistent link: https://www.econbiz.de/10008659377

Explaining the Great Moderation : it is not the shocks

Giannone, Domenico (contributor); Lenza, Michele (contributor) - 2008

This paper shows that the explanation of the decline in the volatility of GDP growth since the mid-eighties is not the decline in the volatility of exogenous shocks but rather a change in their propagation mechanism.

Persistent link: https://www.econbiz.de/10003747971