Examining how monetary policy affects bank concentration, we find that when the policy rate rises, banks operating in …

This paper analyzes the implications of the gradual rise in bank concentration since the 1990s for the transmission of … the level of local bank concentration and bank capitalization. I find that banks operating in high-concentration markets … in local deposit and loan markets, along with bank capital requirements, lead to frictions on the pass-through to the …

This paper analyzes the implications of the recent rise in bank concentration for the transmission of monetary policy … level of local bank concentration and bank capitalization. I find that banks operating in high-concentration markets and … model, monopolistic competition in local deposit and loan markets along with bank capital requirements impose frictions on …