This paper empirically examines the interest rate pass‐through at the euro area level. The
focus is on the pass‐through of official interest rates, approximated by the overnight interest …

This paper examines how banking competition affects the transmission of monetary policy
through the bank lending channel. We apply a two-step estimation procedure using bank …

The unfolding subprime crisis and the challenges facing central banks in using monetary
policy to resolve the possible credit crunch, highlight the importance of understanding the …

Applying a spatial competition model to banking, we analyze the effects of the choice of a
monetary policy rule by the central bank on banks' market power as measured by the Lerner …

Purpose This study aims to examine the impact of regulation and other micro-and macro-
economic factors on banks' productivity growth. It investigates the impact of different …

Determinants of Interest Margins in Colombia Page 1 Determinants of Interest Margins in
Colombia Dairo Estrada Esteban Gómez Inés Orozco∗ destrada@banrep.gov.co egomezgo@banrep.gov.co …

We explore how financial constraints affect the sustainability of product market collusion in a
bank-financed oligopoly, where firms operate within an imperfect credit market. Our analysis …

We revisit the interest rate pass-through effect using weekly retail banking data from May
2006 to March 2010. Our choice of data avoids caveats of previous studies concerning …

The literature has shown that loose monetary policy increases risky lending; however, it is
unclear whether its effects are asymmetric based on the degree of bank competition. In this …

This paper investigates to what extent the introduction of negative monetary policy rates
altered competitive behaviour in the euro area banking sector. Specifically, it analyses the …