competition. Here, we employ a novel approach to account for IRS that are both unexpected and effective for a bank’s business … theory that monopolistic firms undersupply the market when utilizing their high pricing power in the bank competition …–liquidity creation nexus. While positive IRS per se lead to an increase in bank liquidity creation, we find that a high bank …

interest margin (NIM) and its components, retail lending and retail deposit rates. Using two proprietary bank-level data sets …

Exploiting confidential data on individual German bank balance-sheets, I analyse what characterises a bank that opts to …