measurement for financial firms, such as: (1) What are the correct reference rates to use in calculating bank output? In …

should more closely match the risk characteristics of loans and deposits. For the euro area, imputed bank output is, on …

The measurement of bank output, a difficult and contentious issue, has become even more important in the aftermath of … information and transactions imply a quantity measure of bank service output based on transaction counts instead of balances of … on balances, this implies a potentially considerable bias in the estimate of bank output growth in Europe vis-à-vis that …

problem, and neither did Keynes, who had to face the problem in “The General Theory”. A consequential logical conclusion to …

-European Bank mergers. In this paper we identify other more fundamental reasons for a limited degree of cross-country integration in …-border bank mergers. The paper derives the impact of different underlying stochastic structures on the optimal structure of cross … regional bank mergers. Imposing a symmetry restriction on the underlying stochastic structure of liquidity shocks we find that …

The authors use simulations within the BoC-GEM-FIN, the Bank of Canada's version of the Global Economy Model with … changing bank regulations on the Canadian economy. Specifically, they compute short- and long-run impacts on key macroeconomic … that, while long-run effects on bank loans, lending spreads, investment, and output are modest, the short-run effects are …

We study the consequences and optimal design of bank deposit insurance in a general equilibrium model. The model …. In the latter case, bank lending is too large relative to equity and the probability that the banking system collapses is …

on bank credit and as they represent the vast majority of the corporate sector reduced credit availability for those …-sized enterprises (SME). We measure the financing opportunities of SMEs based on the bank debt/assets ratio and the logarithmized credit … size and control both explicitly for bank mergers and for the increase in the average bank size in the course of the …

financing. The paper preparation process has shown that SMEs mainly benefit from bank loans, whereas there are some …