-oriented regime for merger control increases banks’ stock prices, whereas it decreases those of non-financial firms. Moreover, bank … merger targets become more profitable and larger. A major determinant of the positive bank returns, after controlling inter … alia for the general quality of institutions and individual bank characteristics, is the opaqueness that characterizes the …

this policy through banks. This paper examines the role of bank liquidity, capitalization and market power as internal … monetary policy change on bank performance is also considered. The empirical analysis, using large panel datasets for the … rates by disaggregating down to the individual bank level. This is achieved by the use of a Local GMM technique that also …

Markets Programme (SMP). Using detailed security holdings data at the bank level, we show that banks exposed to this …

natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by …

We analyze the effect of bank capital requirements on the structure and risk of a financial system where markets …

We develop a dynamic structural model of bank behaviour that provides a microeconomic foundation for bank capital and …