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Displaying results 1 to 3 of 3.

  1. Money, credit and imperfect competition among banks
    Author: Head, Allen; Kam, Timothy; Ng, Sam; Pan, Isaac
    Published: February 2022
    Publisher:  Australian National University, [Canberra]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 10
    Inter-library loan:
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 0868316849
    Series: ANU working papers in economics and econometrics ; # 684
    Subjects: Banking and Credit; Markups Dispersion; Market Power; Stabilization Policy; Liquidity
    Scope: 1 Online-Ressource (circa 79 Seiten), Illustrationen
  2. Money, credit and imperfect competition among banks
    Author: Head, Allen; Kam, Timothy; Ng, Sam; Pan, Isaac
    Published: 2-2022
    Publisher:  Department of Economics, Queen's University, Kingston, Ontario, Canada

    Using micro-level data for the U.S., we provide new evidence-at national and state levels - of a positive (negative) relationship between the standard deviation (coefficient of variation) and the average in bank lending-rate markups. In a... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 216
    Inter-library loan:
    No inter-library loan

     

    Using micro-level data for the U.S., we provide new evidence-at national and state levels - of a positive (negative) relationship between the standard deviation (coefficient of variation) and the average in bank lending-rate markups. In a quantitative theory consistent with these empirical observations, banks' lending market power is determined in equilibrium and is a novel channel of monetary policy. At low inflation, banks tend to extract higher markups from existing loan customers rather than competing for additional loans. As a result, banking activity need not be welfare-improving if inflation is sufficiently low. This result speaks to concerns regarding market power in the banking sectors of low-inflation countries. Normatively, under a given inflation target, welfare gains arise if a central bank can use additional liquidity-provision (or tax-and-transfer) instruments to offset banks' market-power incentives.

     
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/260486
    Series: Queen's Economics Department working paper ; no. 1481
    Subjects: Banking and Credit; Markups Dispersion; Market Power; Stabilization Policy; Liquidity
    Scope: 1 Online-Ressource (circa 79 Seiten), Illustrationen
  3. Money, credit and imperfect competition among banks
    Author: Head, Allen; Kam, Timothy; Ng, Sam; Pan, Isaac
    Published: [2022]
    Publisher:  Australian National University, Crawford School of Public Policy, Centre for Applied Macroeconomic Analysis, Canberra

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VSP 1716
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CAMA working paper ; 2022, 16 (February 2022)
    Subjects: Banking and Credit; Markups Dispersion; Market Power; Stabilization Policy; Liquidity
    Scope: 1 Online-Ressource (circa 77 Seiten), Illustrationen