We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete in a differentiated loan market, hold reserves against liquidity shocks, and refinance in the interbank market. A merger creates an internal money market that induces financial...

This report provides an overview of the methods and results of the TRENDS (Transport and Environment Database System) project. The aim of this project was to produce a range of transparent, consistent and comparable indicators of the environmental pressure caused by transport. Results cover the...

The document describes the evolution of intra-EU current account asymmetries. Some experimental results obtained using a modelling approach to derive asymmetry-free European aggregates are presented. The results are not usable at the national (Member State) level and they will not eliminate...

The analysis of the business cycle for the entire European Union and the Monetary Union for the purpose of economic and monetary policy needs European-wide aggregated statistics. Europe has generally chosen to obtain such European aggregates by combining national statistics. european-wide single...