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On Interest-Bearing Central Bank Digital Currency with Heterogeneous Banks
Garratt, Rodney; Zhu, Haoxiang - 2021
We explore the implications of introducing an interest-bearing central bank digital currency (CBDC) through commercial banks that differ in size. Banks of heterogeneous sizes offer different convenience properties to depositors, which the CBDC adopts. The large bank gives depositors a higher...
Persistent link: https://www.econbiz.de/10013235770
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Inside asset purchase programs : the effects of unconventional policy on banking competition
Koetter, Michael; Podlich, Natalia; Wedow, Michael - 2017
We test if unconventional monetary policy instruments influence the competitive conduct of banks. Between q2:2010 and q1:2012, the ECB absorbed e218 billion worth of government securities from five EMU countries under the Securities Markets Programme (SMP). Using detailed security holdings data...
Persistent link: https://www.econbiz.de/10011637495
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Bankbilanzen, Bankwettbewerb und geldpolitische Transmission
In: Monatsbericht 53 (2001) 9, pp. 51-70
Persistent link: https://www.econbiz.de/10001631480
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Bank competition and monetary policy transmission through the bank lending channel : evidence from ASEAN
Khan, Habib Hussain; Rubi Ahmad; Chan, Sok-Gee - In: International review of economics & finance : IREF 44 (2016), pp. 19-39
Persistent link: https://www.econbiz.de/10011626000
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Understanding monetary policy : the real sector and welfare
Lucchetta, Marcella - 2023
Persistent link: https://www.econbiz.de/10014229747
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Money, credit and imperfect competition among banks
Head, Allen; Kam, Timothy; Ng, Sam; Pan, Isaac - 2022
Using micro-level data for the U.S., we provide new evidence-at national and state levels - of a positive (negative) relationship between the standard deviation (coefficient of variation) and the average in bank lending-rate markups. In a quantitative theory consistent with these empirical...
Persistent link: https://www.econbiz.de/10013169196
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the Impact of TLTROs on Banks’ Lending Policies : The Role of Competition
Garcia-Posada, Miguel - 2019
that the TLTROs produce in the competition between banks in the loan and deposit markets and which also affect banks that …
Persistent link: https://www.econbiz.de/10012868275
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Interest rate shocks, competition and bank liquidity creation
Kick, Thomas - 2022
competition. Here, we employ a novel approach to account for IRS that are both unexpected and effective for a bank’s business … theory that monopolistic firms undersupply the market when utilizing their high pricing power in the bank competition …
Persistent link: https://www.econbiz.de/10013184357
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The effectiveness of the bank lending channel : the role of banks' market power and business model
Alaeddin, Omar; Moutaz Abojeib; Wajahat Azmi; Mhd Osama … - In: Contemporary economics 13 (2019) 3, pp. 253-268
conventional and Islamic banks operate alongside each other. It also investigates the impact of bank competition on lending … does not depend on bank competition. In other words, the effectiveness of the lending transmission channel does not depend …
Persistent link: https://www.econbiz.de/10012176543
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Imperfect Bank Competition, Borrower Adverse Selection, and the Transmission of Monetary Policy
Cantillo, Miguel - 2023
This paper studies bank competition with borrower adverse selection. In the model, expected non-performing loan costs … are high when credit is granted in booms, when risk free rates are low, or when competition is strong. I prove that full … competition is suboptimal due to this last effect; that more competition improves the transmission of monetary policy, and that …
Persistent link: https://www.econbiz.de/10014355959