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Carletti, Elena; Hartmann, Philipp; Spagnolo, Giancarlo - 2003

We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete …

Persistent link: https://www.econbiz.de/10009635892

Financial market integration and loan competition

Kaas, Leo - 2004

The paper analyzes how the removal of barriers to entry in banking affect loan competition, bank stability and economic … welfare. We consider a model of spatial loan competition where a market that is served by less efficient banks is opened to … entry by banks that are more efficient in screening borrowers. It is shown that there is typically too little entry and that …

Persistent link: https://www.econbiz.de/10009639463

Firms' investment decisions in response to demand and price uncertainty

Fuss, Catherine; Vermeulen, Philip - 2004

We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical counterparts, the variances of future demand and...

Persistent link: https://www.econbiz.de/10009639401

Price rigidity

Baudry, Laurent; Le Bihan, Hervé; Sevestre, Patrick; … - 2004

Based upon a large fraction of the price records used for computing the French CPI, we document consumer price rigidity in France. We first provide a methodological discussion of issues involved in estimating average price duration with micro-data. The average duration of prices in the sectors...

Persistent link: https://www.econbiz.de/10009639438

Finance and growth in the EU

De Ávila, Diego Romero - 2003

This paper analyses the link between finance and growth by studying the effect that the process of financial deregulation and harmonisation of banking laws at the EU level has brought about on growth over the last 40 years. Our main findings point to the existence of a positive long-run growth...

Persistent link: https://www.econbiz.de/10009635911

A monthly monetary model with banking intermediation for the euro area

Bruggeman, Annick; Donnay, Marie - 2003

the frequently used assumption of complete separability in the pricing of loans and deposits and provides some evidence …

Persistent link: https://www.econbiz.de/10009635913

How does the ECB allot liquidity in its weekly main refinancing operations?

Ejerskov, Steen; Moss, Clara Martin; Stracca, Livio - 2003

This paper provides a simple weekly model of the regular supply of liquidity in the euro area, with a view to understanding the functioning of the euro area money market. The main result of the analysis is that liquidity has normally been provided by the ECB in a neutral and smooth manner, but...

Persistent link: https://www.econbiz.de/10009635957

Monetary policy transmission in the euro area

Angeloni, Ignazio; Ehrmann, Michael - 2003

find evidence that the transmission through banks has become more potent and homogeneous across countries because of EMU …

Persistent link: https://www.econbiz.de/10009635961

Measurement of contagion in banks' equity prices

Gropp, Reint; Moerman, Gerard - 2003

contagion among large EU banks. Banksu0092 risk is measured by the first difference of weekly distances to default and abnormal … or more banks simultaneously is consistent with the assumption of a multivariate normal or a student t distribution … "systemically important" banks in the EU. …

Persistent link: https://www.econbiz.de/10009636520

Developing statistical indicators of the integration of the euro area banking system

Manna,Michele - 2004

datasets. We then apply this framework to unconsolidated balance sheet data of banks, aggregated at the national level. The …

Persistent link: https://www.econbiz.de/10009636523