Germany (or, alternatively, Portugal) and the rest of the euro area. Our main results are as follows. First, there are …

policy perspective, it highlights the importance of structural reforms that help enhance competition in this sector. This …

competition intensifies, prospecting for loans becomes more important and banks' internal agency problem worsens. In response to … more competition, banks lower lending standards, may choose to disregard soft and use only hard information in their credit …

their privately observed soft information is positive or negative. Competition affects the investment in learning the …

, 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 …

policy perspective, it highlights the importance of structural reforms that help enhance competition in this sector. This …

agencies (CRAs). To this end, it introduces a heterogeneous competition model for credit and ratings markets. Frictions among …

augmented the effect of competition on realised bank risk (i.e. more intense competition and greater use of securitisation is … impact of competition on realised risk. It follows that cooperation between supervisory and competition authorities is …

In this paper we explore the link between the intensity of product market competition and inflation rates across EU … over time and as alternative proxies of competition we use the level of mark-up, profit margin, the profit rate and a … survey based “intensity of competition” variable. Results for both aggregate and sectoral panels show that the extent of …