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loans, credit and credit cards) and four countries (France, Italy, Poland and the UK). Results were extrapolated to the EU28 …
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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...
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Bulgaria has for years been facing some of the highest credit growth rates and current account deficits in Central and … combination of administrative and prudential measures to curb credit growth. The introduction of defacto credit ceilings has … successfully reduced credit growth to below 20%. However, increased recourse by the corporate sector to direct foreign borrowing …
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