period. In addition, we observe that Total Factor Productivity growth for the median euro area bank decreased from around 2 … bank's efforts in areas such as rationalisation of branches, digitalisation of business processes and possibly mergers and …

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

the value of sovereign debt and non-bank financial institutions represent the most significant risk to the functioning of …

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

We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete … in liquidity risk and expected liquidity needs for each bank and for the banking system. Large mergers tend to increase … expected aggregate liquidity needs, and thus the liquidity provision by the central bank. Comparative statics suggest that a …