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dc.contributor.authorCarletti, Elenaen
dc.contributor.authorHartmann, Philippen
dc.contributor.authorSpagnolo, Giancarloen
dc.date.accessioned2006-08-07-
dc.date.accessioned2009-07-24T13:47:51Z-
dc.date.available2009-07-24T13:47:51Z-
dc.date.issued2006-
dc.identifier.piurn:nbn:de:hebis:30-25993en
dc.identifier.urihttp://hdl.handle.net/10419/25474-
dc.description.abstractWe model the impact of bank mergers on loan competition, reserve holdings and aggregate liquidity. A merger changes the distribution of liquidity shocks and creates an internal money market, leading to financial cost efficiencies and more precise estimates of liquidity needs. The merged banks may increase their reserve holdings through an internalization effect or decrease 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 thus the public provision of liquidity through monetary operations of the central bank.en
dc.language.isoengen
dc.publisher|aGoethe University Frankfurt, Center for Financial Studies (CFS) |cFrankfurt a. M.en
dc.relation.ispartofseries|aCFS Working Paper |x2006/08en
dc.subject.jelD43en
dc.subject.jelG21en
dc.subject.jelG28en
dc.subject.jelL13en
dc.subject.ddc330en
dc.subject.keywordCredit Market Competitionen
dc.subject.keywordBank Reservesen
dc.subject.keywordInternal Money Marketen
dc.subject.keywordBanking System Liquidityen
dc.subject.keywordMonetary Operationsen
dc.subject.stwBanken
dc.subject.stwWirtschaftskonzentrationen
dc.subject.stwBankenliquiditäten
dc.subject.stwKreditmarkten
dc.subject.stwWettbewerben
dc.subject.stwTheorieen
dc.subject.stwIndustriestaatenen
dc.titleBank mergers, competition and liquidity-
dc.typeWorking Paperen
dc.identifier.ppn515334383en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cfswop:200608en

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