Bremus, Franziska; Buch, Claudia M.; Russ, Katheryn Niles; … - 2013
concentration is associated with a positive and significant relationship between bank-level credit growth and aggregate growth of … (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 …