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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 … in liquidity risk and expected liquidity needs for each bank and for the banking system. Large mergers tend to increase …

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

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

when is entry deregulation socially beneficial?

Kaas, Leo - 2004

The paper analyzes how the removal of barriers to entry in banking affect loan competition, bank stability and economic … entry by banks that are more efficient in screening borrowers. It is shown that there is typically too little entry and that … or very costly, socially harmful entry can occur. …

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

Horizontal and vertical integration and securities trading and settlement

Tapking, Jens; Yang, Jing - 2004

This paper addresses a very European issue, the consolidation of securities trading and settlement infrastructures. In a two-country model, we analyze welfare implications of different types of consolidation. We find that horizontal integration of settlement systems is better than vertical...

Persistent link: https://www.econbiz.de/10009639440