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Bank mergers, competition and liquidity
Carletti, Elena; Hartmann, Philipp; Spagnolo, Giancarlo - 2003
Persistent link: https://www.econbiz.de/10011604338
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A new approach to measuring competition in the loan markets of the euro area
van Leuvensteijn, Michiel; Bikker, Jacob A.; van … - 2007
approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure competition …
Persistent link: https://www.econbiz.de/10011604814
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Credit supply - Identifying balance-sheet channels with loan applications and granted loans
Jiménez, Gabriel; Ongena, Steven; Peydró, José-Luis; … - 2010
resultant credit restriction by turning to other banks. Importantly the bank-lending channel is notably stronger when we account …
Persistent link: https://www.econbiz.de/10011605225
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Money, Credit, Monetary Policy and the Business Cycle in the Euro Area : What Has Changed since the Crisis?
Giannone, Domenico - 2019
This paper studies the relationship between the business cycle and financial intermediation in the euro area. We establish stylized facts and study their stability during the global financial crisis and the European sovereign debt crisis. Long-term interest rates have been exceptionally high and...
Persistent link: https://www.econbiz.de/10012893985
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A New Approach to Measuring Competition in the Loan Markets of the Euro Area
van Leuvensteijn, Michiel; Bikker, Jacob Antoon; van … - 2021
approach is able to measure competition of bank market segments, such as the loan market, whereas many well - known measures of … approach ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure …
Persistent link: https://www.econbiz.de/10013317045
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Cables, Sharks and Servers: Technology and the Geography of the Foreign Exchange Market
Eichengreen, Barry; Lafarguette, Romain; Mehl, Arnaud - 2016
We analyze the impact of technology on production and trade in services, focusing on the foreign exchange market. We identify exogenous technological changes by the connection of countries to submarine fiber-optic cables used for electronic trading, but which were not laid for purposes related...
Persistent link: https://www.econbiz.de/10011605934
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Cables, Sharks and Servers : Technology and the Geography of the Foreign Exchange Market
Eichengreen, Barry - 2016
We analyze the impact of technology on production and trade in services, focusing on the foreign exchange market. We identify exogenous technological changes by the connection of countries to submarine fiber-optic cables used for electronic trading, but which were not laid for purposes related...
Persistent link: https://www.econbiz.de/10012993792
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What Value Added in the Trade Balances of Euro Area Financial Centres?
Di Nino, Virginia; Ekstam, Anna - 2021
Beside large capital flows, euro area financial centres feature important and growing trade surpluses. We investigate the composition of their gross trade flows and disentangle (i) domestic and foreign production content that is (ii) directly traded with final absorbing economies or embedded in...
Persistent link: https://www.econbiz.de/10013250917
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Negative Rates, Monetary Policy Transmission and Cross-Border Lending Via International Financial Centres
Żochowski, Dawid; Andreeva, Desislava; Coman, Andra; … - 2023
-border lending. Using bank-level data from international financial centres – the United Kingdom, Hong Kong and Ireland – we examine …-centre affiliates. We find that NIRP impairs the bank-lending channel for cross-border lending to non-bank sectors, especially for those … euro-area data, including bank-level data from France, we find that NIRP does not influence overall cross-border lending …
Persistent link: https://www.econbiz.de/10014257755
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Credit market and macroeconomic volatility
Mendicino, Caterina - 2007
This paper investigates the role of credit market size as a determinant of business cycle fluctuations. First, using OECD data I document that credit market depth mitigates the impact of variations in productivity to output volatility. Then, I use a business cycle model with borrowing limits a...
Persistent link: https://www.econbiz.de/10011604789