quantitative theory consistent with these empirical observations, banks' lending market power is determined in equilibrium and is a …

policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation … vulnerable to financial frictions. By sheltering intangible investment from financial shocks, counter-cyclical macroeconomic … policy could strengthen longer-term growth, particularly so where strong product market competition prevents firms from self …

We examine trends in bank competition since the early 2000s. The Lerner index-arguably the most commonly used measure … frequently used indicators of banking sector competition seem much more muted. We show that the significant drop in policy rates …

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 …