Introduction -- Competition and innovation -- Designing competition policy -- Technological and trade competitiveness -- Why regulatory governance matters -- Regulatory policy transfer -- Regulating utilities in developing countries -- Problems of utility privatisation -- Regulating through...

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...