We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete … in liquidity risk and expected liquidity needs for each bank and for the banking system. Large mergers tend to increase … expected aggregate liquidity needs, and thus the liquidity provision by the central bank. Comparative statics suggest that a …

In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a … particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a … outside the bank as depositors rushed to withdraw their deposits. There was always a fear that this could spark a systemic run …

transfer, and their implications for investment, innovation, and product market competition. The model also sheds light on the …

transfer, and their implications for investment, innovation, and product market competition. The model also sheds light on the …

transfer, and their implications for investment, innovation, and product market competition. The model also sheds light on the …

&D investment, and derive predictions on the effects of trust and competition on suppliers’ investment and buyers’ procurement … - but also with more competitive procurement: trust and rents from reduced supplier competition in the procurement process … emerge as substitutes both in theory and in the data. …