Bank Market Power and Monetary Policy Transmission

Digital Payments and Monetary Policy Transmission

Our counterfactual re- sults reveal that digital payments intensify the monetary transmission by reducing banks' market power – banks respond more to policy ...

Digital Payments and Monetary Policy Transmission

Our counterfactual results reveal that digital payments intensify the monetary transmission by reducing banks' market power – banks respond more to policy rate ...

Market Power, Bank Funding, and the Transmission of the Monetary ...

Specifically, I show that after an increase in the policy rate, banks with higher market power adjust their deposit and loan rates relatively less, offsetting ...

Bank Market Power and Monetary Policy Transmission

To this end, we estimate a dynamic banking model in which monetary tightening increases banks' funding costs. Given their market power, banks.

Monetary Policy Transmission: Past and Future Challenges

operators in the financial markets, either individually or ... In most circum- stances, that power does give the central bank special influence,.

The influence of market power on liquidity creation of commercial ...

Herein, higher market power will result in more liquidity flowing into the financial market and deficient banks in demand for liquidity. Black ...

Essays on Monetary Policy and Financial Markets - eScholarship

I further show that bank market power affects monetary policy transmission to the real economy through its impact on bank-level lending. In particular ...

What drives bank liquidity creation? The interaction of monetary ...

The study confirms the existence of the bank liquidity creation channel, i.e., an easing monetary policy boosts the banks' liquidity creation ...

Monetary Policy, Bank Heterogeneity and the Marginal Propensity to ...

est rate risk and deposit market power for the monetary transmission mechanism. Banks engage in maturity transformation and expose themselves to interest rate.

The Transmission of Monetary Policy through Bank Lending

The firm balance sheet channel is one of the main mechanisms through which monetary policy is thought to interact with credit market imperfections to influence ...

monetary policy; banking; market power; efficiency; central ... - CEEOL

Concerning the market power and efficiency of banks, we show that the more efficient the bank is and the higher market power that it has, the lesser the impact ...

Financial structure and the monetary policy transmission mechanism

International Monetary Fund (1991 ): "Effectiveness of monetary policy after financial market ... The sourc;es of market power range widely. They may, ...

Bank Concentration and Monetary Policy Pass-Through - CESifo

Counterfactual analyses highlight that the rise in bank concentration alters monetary policy pass-through by two channels: the market power and capital ...

Digital Payments and Monetary Policy Transmission

We find that Pix adoption diminished banks' market power, making them more responsive to changes in policy rates. We estimate a dynamic banking model in which ...

How the degree of competition in India's banking sector affects ...

As expected theoretically, a higher degree of market power, with lesser competition, weakens monetary policy transmission. Competition and ...

Monetary Policy and Market Power in Banking - jstor

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.

Rising corporate market power in Asia threatens monetary policy ...

It is evident, therefore, that where market power is high, the monetary policy transmission mechanism is disrupted. The results are robust to ...

Monetary policy transmission channels - Banco Central

Monetary policy also works through the credit channel. A rise in the Selic rate tends to increase bank lending rates as well, reducing the supply of credit and/ ...

The Deposits Channel of Monetary Policy - NYU Stern

When the Fed funds rate rises, banks that raise deposits in concentrated markets contract their lending by more than other banks. Our estimates imply that the ...

Does bank competition affect the transmission mechanism of ... - OUCI

Brissimis, Sophocles N. and Iosifidi, Maria and Delis, Manthos D., Bank Market Power and Monetary Policy Transmission (December 2014). Available at SSRN: https ...