We develop a New Keynesian model where all payments between agents require bank deposits through deposits …-in-advance constraints, bank deposits are created through disbursement of bank loans, and banks face a convex lending cost. At the zero lower …

Accurate assessments of bank deposit market power are essential for antitrust and monetary policy. Regulators and … researchers have traditionally measured market power assuming all consumers consider every bank operating in a given geographic … available banks. I propose a new model of bank deposit competition that provides a market power measure that accounts for …

This paper studies the impact of higher bank capital requirements on corporate lending spreads. We conduct an empirical … analysis using granular bank- and loan-level data for Switzerland. Overall, we find a positive relationship between capital …

This paper investigates whether the effect of bank lending shocks has changed over time using a sign-restriction Vector … Autoregression approach. To the extent to which the effect of bank lending shocks depends critically on firms' ability to access …. Indeed, we confirm that the effect of bank lending shocks on output has decreased significantly since the 1980s. Consistent …

Banks produce short-term debt for transactions and storing value. The value of bank money must not vary over time so … information about the bank's loans. To produce safe liquidity banks choose loans with high such costs. Capital markets cannot … produce substitutes for bank money because they involve information revelation. They produce risky liquidity. This trade …

screened and excessive in good times, and is inefficiently rationed during recessions. More bank competition exacerbates the …

This paper maintains that the durable-goods character of loans enables the forward shift of bank indirect taxes à la … Coase (1972), increasing thereby the money multiplier and reducing the equity-lending ratio regardless bank industry … “bank indirect tax-relationship banking” may prove to be critical for capital accumulation and growth depending on the …

We develop a New Keynesian model where all payments between agents require bank deposits, bank deposits are created … through disbursement of bank loans, and banks face convex lending costs. At the zero lower bound on deposit rates (ZLBD …

This paper aims to investigate the main determinants of Tunisian bank stability. To achieve this goal; we have used a … Bayesian Model Average (BMA) to detect the most important indicators influencing bank stability. The second one was based on … panel data analysis involving random effect regression. Results of these two methods have indicated that Tunisian bank …