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"We study the relationship between banking competition and the transmission of monetary policy through the bank lending … analysis, we are able to reaffirm the existence of the bank lending channel of monetary transmission. Moreover, we find that …
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"We offer and test two competing hypotheses for the consolidation trend in banking using U.S. banking industry data over the period 1982-2000. Under the efficiency hypothesis, technological progress improved the performance of large, multimarket firms relative to small, single-market firms,...
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