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focus on three main indicators of market power in and across countries: namely, the concentration ratios, the markup and the … since the late 1990s, driven largely by Manufacturing. In terms of the debate as to the merits of market concentration, we … find (relying on results for Manufacturing) that firms in sectors which exhibit high concentration, but are categorized as …
Persistent link: https://www.econbiz.de/10011994589
of banking sector concentration. Using a local projections framework with 2003-2023 country-level and bank-level data for … the euro area. These results suggest that heterogeneity in the degree of banking sector concentration matters for the …
Persistent link: https://www.econbiz.de/10014484425
Persistent link: https://www.econbiz.de/10001670916
(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
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
The post-2008 period in the euro area was characterised by sharp dispersion in borrowing costs faced by firms, across both countries and firm types. This dispersion was an important manifestation of the financial fragmentation" which hampered the smooth transmission of accommodative monetary...
Persistent link: https://www.econbiz.de/10011697389
This paper investigates to what extent the introduction of negative monetary policy rates altered the competitive behaviour in the euro area banking sector. Specifically, it analyses the effect that negative policy rates had on euro area banks' market power in comparison to banks that have not...
Persistent link: https://www.econbiz.de/10013553575
This paper tries to contribute to the discussion on the role of securities settlement infrastructures for financial integration in Europe. It presents a model that can explain a well-known stylized fact of securities settlement, the surprisingly high fees charged by central securities...
Persistent link: https://www.econbiz.de/10003410541
The purpose of this paper is to explain the relation between the Border Effect and industrial concentration. This is … steady relation between the Border Effect and industrial concentration. Besides, the analysis of industrial concentration … Effect ; Industrial Concentration ; Home Market Effect ; European Single Market …
Persistent link: https://www.econbiz.de/10003969243
Persistent link: https://www.econbiz.de/10002233689