Brissimis, Sophocles N.; Delis, Manthos D.; Iosifidi, Maria - In: International Journal of Central Banking 10 (2014) 4, pp. 173-214
This paper examines empirically the role of bank market power as an internal factor influencing banks’ reaction in terms of lending and risk taking to monetary policy impulses. The analysis is carried out for the U.S. and euro-area banking sectors over the period 1997–2010. Market power is...