measurement for financial firms, such as: (1) What are the correct reference rates to use in calculating bank output? In …This paper addresses the proper measurement of financial service output that is not priced explicitly. It shows how to …

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

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 …

problem, and neither did Keynes, who had to face the problem in “The General Theory”. A consequential logical conclusion to …

The authors use simulations within the BoC-GEM-FIN, the Bank of Canada's version of the Global Economy Model with … changing bank regulations on the Canadian economy. Specifically, they compute short- and long-run impacts on key macroeconomic … that, while long-run effects on bank loans, lending spreads, investment, and output are modest, the short-run effects are …

We study the consequences and optimal design of bank deposit insurance in a general equilibrium model. The model …. In the latter case, bank lending is too large relative to equity and the probability that the banking system collapses is …

-European Bank mergers. In this paper we identify other more fundamental reasons for a limited degree of cross-country integration in …-border bank mergers. The paper derives the impact of different underlying stochastic structures on the optimal structure of cross … regional bank mergers. Imposing a symmetry restriction on the underlying stochastic structure of liquidity shocks we find that …

Under a new Basel capital accord, bank regulators might use quantitative measures when evaluating the eligibility of …

on bank credit and as they represent the vast majority of the corporate sector reduced credit availability for those …-sized enterprises (SME). We measure the financing opportunities of SMEs based on the bank debt/assets ratio and the logarithmized credit … size and control both explicitly for bank mergers and for the increase in the average bank size in the course of the …