G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4248
DP4248 Old Sins: Exchange Rate Clauses and European Foreign Lending in the 19th Century
Marc Flandreau; Nathan Sussman
发表日期2004-02-23
出版年2004
语种英语
摘要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. We assess changes in liquidity needs for each bank and for the banking system as a whole, and relate them to the degree of loan market competition. Large mergers tend to increase aggregate liquidity needs, and thus the liquidity provision in monetary operations by the central bank. Fiercer loan market competition seems to be beneficial for aggregate liquidity in industrial countries.
主题Financial Economics ; International Macroeconomics ; Industrial Organization
关键词Credit market competition Bank reserves Internal money market Banking system liquidity
URLhttps://cepr.org/publications/dp4248
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/533214
推荐引用方式
GB/T 7714
Marc Flandreau,Nathan Sussman. DP4248 Old Sins: Exchange Rate Clauses and European Foreign Lending in the 19th Century. 2004.
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