The paper provides a systematic comparison of the Eurosystem, the US Federal Reserve and the Bank of Japan. These …

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 … on the lending markets in the five major EU countries as well as, for comparison, the UK, the US and Japan. Bearing the …

dimensionality reduction optimally, given the nature of our dataset which features a large number of dimensions for each bank ('fat …

The US Federal Reserve cut interest rates more vigorously in the recent recession than the European Central Bank did …

This paper describes the response of three central banks to the 2007-09 financial crisis: the European Central Bank …, the Federal Reserve and the Bank of England. In particular, the paper discusses the design, implementation and impact of …

The paper shows that central bank communication is a key determinant of the market's ability to anticipate monetary … policy decisions and the future path of interest rates. Comparing communication policies by the Federal Reserve, the Bank of … the diversity of views on the economic outlook that enhance the effectiveness of central bank communication …

Federal Reserve, the Bank of England and the European Central Bank communicate with the public, and under what circumstances …

The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central … Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking … strategy amid a collegial approach to decision-making, while the Bank of England is using a collegial communication strategy …