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The paper provides a systematic comparison of the Eurosystem, the US Federal Reserve and the Bank of Japan. These …
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approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure competition … on the lending markets in the five major EU countries as well as, for comparison, the UK, the US and Japan. Bearing the …
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