Assessing the impacts of bank mergers on small firms requires separating borrowers with single versus multiple banking …-relationship borrowers who "switch" to another bank following a merger will be less harmed than those whose relationship is "dropped" and not … to be dropped. We track post-merger performance and show that many dropped target-bank borrowers are harmed by the merger …

We analyze how time-varying bank-specific capital requirements a ect banks' balance sheet adjustments as well as bank … lending to the non-financial corporate sector. To do so, we relate Pillar 2 capital requirements to bank balance sheet data, a … examine how time-varying bank-specific capital requirements affect banks' balance sheet composition. Subsequently, we …

their interbank exposures. The micro-founded framework allows inter alia for endogenous bank defaults and bank capital … requirements. In addition, we introduce a central bank who intervenes directly in the interbank market through liquidity injections … the remaining structures show a non-negligible shock propagation mechanism. Finally, we show that central bank …

This paper studies the impact of bank mergers on firm-bank lending relationships using information from individual loan … contracts in Belgium. We analyse the effects of bank mergers on the probability of borrowers maintaining their lending … relationships and on their ability to continue tapping bank credit. The environment reflects a number of interesting features: high …

stability and efficiency is often present, indicating that the approval of bank mergers induces difficult policy choices. …A model of loan rate competition with liquidity provision by banks is used to study bank mergers. Both loan rate … of bank mergers. As such, we contrast the effects of "revenue base enhancing" mergers with the effects of mergers "for …

accounting for differences in observed bank characteristics. This downward bias does not seem to be explained by the fact that …

This paper studies the effectiveness of Euro Area (EA) fiscal policy, during the recent financial crisis, using an … estimated New Keynesian model with a bank. A key dimension of policy in the crisis was massive government support for banks … bank asset losses, of government support for banks, and other fiscal stimulus measures, in the EA. Our results suggest that …

emission efficiency of highly polluting firms. The efficiency gain comes from a relative decrease in emissions rather than a …