The measurement of bank output, a difficult and contentious issue, has become even more important in the aftermath of … information and transactions imply a quantity measure of bank service output based on transaction counts instead of balances of … on balances, this implies a potentially considerable bias in the estimate of bank output growth in Europe vis-à-vis that …

should more closely match the risk characteristics of loans and deposits. For the euro area, imputed bank output is, on … area GDP (at current prices) between 0.16 and 0.27 percent. - Bank output ; FISIM ; risk ; loan interest rates ; deposit …

The measurement of bank output, a difficult and contentious issue, has become even more important in the aftermath of … information and transactions imply a quantity measure of bank service output based on transaction counts instead of balances of … on balances, this implies a potentially considerable bias in the estimate of bank output growth in Europe vis-à-vis that …

should more closely match the risk characteristics of loans and deposits. For the euro area, imputed bank output is, on …

notion of money creation as a result of banks' loan creation is compatible with the notion of liquid funding needs in a multi-bank … has a bearing on macroeconomic dynamics precisely due to that multi-bank structure. It would lose its impact in the … hypothetical case that only one ('singular') commercial bank would exist. We link our discussion to the emergence and design of …