contract their balance sheets. These bank responses generate externalities that propagate in the form of macro … macro-financial feedback loops can significantly affect macroeconomic outcomes and bank-specific stress tests results. The … heterogeneity in bank lending responses matters: it determines how each bank fares under adverse conditions and the external effects …

Do financial sector reforms necessarily result in expansion of credit to the private sector? How does bank ownership … Indian experience with liberalization of the financial sector to inform this debate. Using bank-level data from 1991-2007, we …

It is widely perceived that competition in the Indian banking sector has increased since the inception of the financial … competitive conditions and earns revenues as if under monopolistic competition …

This paper investigates the degree of bank competition in the euro area, the U.S. and U.K. before and after the recent … financial crisis, and revisits the issue whether the introduction of EMU and the euro have had any impact on bank competition …. The results suggest that the level of bank competition converged across euro area countries in the wake of the EMU. The …

balances in Mexico. This result supports the Bank of Mexico’s use of a reserve money program to implement monetary policy under …The paper finds strong evidence that real currency demand in Mexico remained stable throughout and after the financial … crisis in Mexico. Cointegration analysis using the Johansen-Juselius technique indicates a strong cointegration relationship …

1994. In the case of Mexico, bank-specific variables as well as contagion effects explain the likelihood of bank failure …This paper tests empirically the proposition that bank fragility is determined by bank-specific factors, macroeconomic … conditions and potential contagion effects. The methodology allows for the variables that determine bank failure to differ from …