We model the impact of bank mergers on loan competition, reserve holdings and aggregate liquidity. A merger creates an … internal money market that affects reserve holdings and induces financial cost advantages, but also withdraws liquidity from … the interbank market. Loan market competition modifies the heterogeneity in the size of banks, thus affecting aggregate …

We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete … in a differentiated loan market, hold reserves against liquidity shocks, and refinance in the interbank market. A merger … in liquidity risk and expected liquidity needs for each bank and for the banking system. Large mergers tend to increase …

A model of loan rate competition with liquidity provision by banks is used to study bank mergers. Both loan rate … competition and liquidity needs are seen to be "localised" phenomena. This allows for tracing down the effects of particular types … of bank mergers. As such, we contrast the effects of "revenue base enhancing" mergers with the effects of mergers "for …

We model the impact of bank mergers on loan competition, reserve holdings and aggregate liquidity. A merger changes the … them because of a diversification effect. The merger also affects loan market competition, which in turn modifies the … distribution of bank sizes and aggregate liquidity needs. Mergers among large banks tend to increase aggregate liquidity needs and …

A model of loan rate competition with liquidity provision by banks is used to study bank mergers. Both loan rate … competition and liquidity needs are seen to be "localised" phenomena. This allows for tracing down the effects of particular types … of bank mergers. As such, we contrast the effects of "revenue base enhancing" mergers with the effects of mergers "for …

A model of loan rate competition with liquidity provision by banks is used to study bank mergers. Both loan rate … competition and liquidity needs are seen to be "localised" phenomena. This allows for tracing down the effects of particular types … of bank mergers. As such, we contrast the effects of "revenue base enhancing" mergers with the effects of mergers "for …

This paper studies bank competition with borrower adverse selection. In the model, expected non-performing loan costs … competition. I show that with asymmetric costs, bank market shares are always inversely related to their efficiency, and that bank … are high when credit is granted in booms, when risk free rates are low, or when competition is strong. I prove that full …

model first explains why branches cluster and how information sharing impacts price competition and equilibrium clustering …

measuring the banking sector competition proceed from the market structure and concentration measures. In contrast, modern … approaches to measuring competition rely on non-structural models and analysis of the behaviour of market participants. The paper … analyzes the degree of concentration and competition in the banking sector of the Republic of Serbia. The traditional and most …

We show that competing firms relax overall competition by lowering future barriers to entry. We illustrate our findings …-period profits. This dampens competition for serving the first-period market. …