of banking sector concentration. Using a local projections framework with 2003-2023 country-level and bank-level data for …

The post-2008 period in the euro area was characterised by sharp dispersion in borrowing costs faced by firms, across … hampered the smooth transmission of accommodative monetary policy. Using bank level data from 2007 to 2015, we directly measure … bank in the same month for loans to small and large firms (the "Small Firm Financing Premium", SFFP). We assess the role …

Bank market power, both in the loan and deposit market, has important implications for credit provision and for … identifies relevant channels that deserve further analysis, especially given the rising importance of bank market power for …

interest rate policy period, change in banks' competitive behaviour affected the bank lending channel and discouraged banks …

This paper analyzes the effects of bank mergers on bank-firm relationships. Using matched bank-firm level data, I find … positive effects of mergers for borrowers that continue the lending relationship with the consolidated bank. On average …

market power and improve the transmission efficiency of monetary policy to banks and non-bank financial institutions. …