(Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups …. Using this framework, we show conditions under which idiosyncratic shocks to bank lending can generate aggregate … sector for many countries is indeed granular, as the right tail of the bank size distribution follows a power law. We then …

contribution is two-fold. First, we expand the theory of granularity to encompass the Bertrand competition frequently used in … right tail of the bank size distribution follows a power law. Also, the presence of big banks as measured by high market …

We study the impact of higher bank capital buffers, namely of the Other Systemically Important Institu- tions (O …

We examine the impact of cross-border bank flows from source countries on the lending behavior of banks located in … effect of foreign macroprudential policy. Decomposing cross-border inflows into bank and non-bank flows, effects are entirely …

results highlight the importance of the starting level of bank capital, bank asset quality, and banks' adjustments for the …

mix, pricing decisions, management buffers, and profit distribution along with individual bank conditions, including their …