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of banking sector concentration. Using a local projections framework with 2003-2023 country-level and bank-level data for …
Persistent link: https://www.econbiz.de/10014484425
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 … played by both bank and macroeconomic factors in explaining the variation in the SFFP across countries and through time. We …
Persistent link: https://www.econbiz.de/10011697389
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 …
Persistent link: https://www.econbiz.de/10014484222
interest rate policy period, change in banks' competitive behaviour affected the bank lending channel and discouraged banks …
Persistent link: https://www.econbiz.de/10013553575
We examine the degree of market power in the big four countries of the euro area using macro and firm-micro data. We focus on three main indicators of market power in and across countries: namely, the concentration ratios, the markup and the degree of economic dynamism. For the macro database we...
Persistent link: https://www.econbiz.de/10011994589
market power and improve the transmission efficiency of monetary policy to banks and non-bank financial institutions. …
Persistent link: https://www.econbiz.de/10013337376
(Why) do prices and inflation rates differ within the euro area? We study the relevance of a national border for grocery prices in the otherwise homogenous and highly integrated border region of Austria and Germany. Using transaction data on prices and quantities from a large household panel, we...
Persistent link: https://www.econbiz.de/10013552597
Persistent link: https://www.econbiz.de/10010482471
This paper examines exchange rate pass-through in the euro area by accounting for the impact of exchange rate changes on exporting firms' market power, cost structure and competitiveness. An international oligopoly model where exporting firms simultaneously decide on their pricing and innovation...
Persistent link: https://www.econbiz.de/10003162195
This paper reports the results of an ad hoc survey on price-setting behaviour conducted in February 2004 among 2,000 Belgian firms. The reported results clearly deviate from a situation of perfect competition and show that firms have some market power. Pricing-to-market is applied by a majority...
Persistent link: https://www.econbiz.de/10002817397