markets. The analysis shows that swap lines by the Swiss National Bank (SNB) had a positive impact on bank stocks in Central … and Eastern Europe. It then highlights the importance of individual bank characteristics in identifying the impact of swap … lines on bank stocks. Bank-level evidence suggests that stock prices of local and less-well capitalized banks as well as …

by changes following bank mergers involving Federal Reserve customer banks. This paper evaluates the effect of bank … two or more Reserve Bank customers have resulted in volume losses, especially during the first quarter following the … additional check-processing volume because of bank mergers. …

central bank. Using a New Monetarist model, the analysis shows that fractional reserve banking is beneficial because of the …