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Before the pandemic, the South African economy remained stuck in low gear, with anemic growth, stagnant private investment, and a shrinking tradable sector. Subdued growth has raised unemployment, poverty, and inequality, hindering inclusion efforts. The pandemic has worsened economic and social...
Persistent link: https://www.econbiz.de/10012391968
We show that firms' market power dampens the response of their output to monetary policy shocks, using firm-level data for the United States and a large cross-country firm-level dataset for 14 advanced economies. The estimated impact of a firm's markup on its response to a monetary policy shock...
Persistent link: https://www.econbiz.de/10012605640
foreign bank ownership on the performance and market power of acquired banks operating in Central and Eastern Europe. This …
Persistent link: https://www.econbiz.de/10014404324
standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility …
Persistent link: https://www.econbiz.de/10012155038
Persistent link: https://www.econbiz.de/10011281169
In this paper, we use a bank-level panel dataset to investigate the determinants of bank interest margins in the … extensions to assess the extent to which high spreads of banks in the CCA can be related to bank-specific variables, to … risk, bank size, bank diversification, banking sector competition, and macroeconomic policies; but the impact depends on …
Persistent link: https://www.econbiz.de/10014412118
over two decades. A reduced-form equation is estimated on the basis of a bank profit maximization model that permits a … decomposition into operational costs, financial taxation, market power, and loan quality. Although the average spread did not change … costs and financial taxation and improving loan quality, will determine whether it can narrow the spread …
Persistent link: https://www.econbiz.de/10014400667
costs-mostly because of higher loan impairment charges-which is not followed by a similar increase in prices …
Persistent link: https://www.econbiz.de/10012485992
We examine trends in bank competition since the early 2000s. The Lerner index-arguably the most commonly used measure …
Persistent link: https://www.econbiz.de/10012612344
The paper focuses on the impact of diversification on bank performance and how consolidation through mergers and … indigenous banks, as compared to foreign competitors in the ECCU. We then simulate bank mergers both within and across ECCU … countries by combining individual banks' balance sheets. The simulation shows that a typical indigenous bank could better …
Persistent link: https://www.econbiz.de/10011852546