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 …

We model the impact of bank mergers on loan competition, reserve holdings and aggregate liquidity. A merger changes the … distribution of bank sizes and aggregate liquidity needs. Mergers among large banks tend to increase aggregate liquidity needs and … thus the public provision of liquidity through monetary operations of the central bank. …

stock prices of non-financial firms. Bank targets become more profitable and larger, while those of non-financial firms … remain mostly unaffected. A major determinant of the positive bank returns is the degree of opaqueness that characterizes the … institutional setup for supervisory bank merger reviews. The legal design of the supervisory control of bank mergers may therefore …

Using household surveys and bank penetration data at the district-level in 2006 and 2009, this paper examines the … impact of Equity Bank-a leading private commercial bank focusing on microfinance-on access to banking in Kenya. Unlike other … commercial banks in Kenya, Equity Bank pursues distinct branching strategies that target underserved areas and less …

We study the impact on bank merger activity of the strengthening in merger control legislation introduced in Europe … between 1989 and 2004. We find that strengthening merger control increases the abnormal returns on bank target stocks in the …