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We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete …
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Since 1995 Germany has barely managed to grow by 1.2% annually, with growth over the last four years averaging only 0.6%. In 2005, growth will again be below1%. With these low growth rates Germany has clearly fallen behind all the other European countries. The German economy is suffering from a...
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The "new industrial organisation" enshrined in game theory has elaborated important concepts, models and typologies …
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This study has been commissioned by the Competition Directorate- General of the European Commission (from hereon DG … Competition) to develop “a detailed methodological approach for the ex-post review of European Commission decisions in the field …1. Hence this study is articulated in two Parts: Part I which discusses the theory and presents the methodology, and …
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