monetary policy was up (down). Overall, we find that competition among banks and competition from financial markets result in a …

Banks supply payment services that underpin the smooth operation of the economy. To ensure an efficient payment system …, it is important to maintain competition among payment service providers but data available to gauge the degree of … competition are quite limited. We propose and implement a frontierbased method to assess relative competition in bank …

We document that trust in public institutions – and particularly trust in banks, business and government – has declined …

equilibrium when banks have monopoly power, justifying a Pigouvian tax in this caseKeywords: …

We study the prices that individual banks pay for liquidity (captured by borrowing rates in repos with the central bank … depend in particular on the distribution of liquidity across banks, which is calculated over time using individual banklevel … data on reserve requirements and actual holdings. Banks pay more for liquidity when positions are more imbalanced across …

This paper develops a DSGE model where banks use short-term deposits to provide firms with long-term credit. The demand …

We develop a partial adjustment model in order to estimate the factors contributing to banks’ internal target capital … ratio, lending policy and holding of securities. The model is estimated on a panel of listed euro area banks and country … specific macrovariables. Firstly, banks’ internal target capital ratios are estimated by using information on banks’ riskiness …

equilibrium when banks have monopoly power, justifying a Pigouvian tax in this case. …