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Erscheinungsjahr: 
2005
Schriftenreihe/Nr.: 
Sveriges Riksbank Working Paper Series No. 182
Verlag: 
Sveriges Riksbank, Stockholm
Zusammenfassung: 
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. Loan market competition modifies the heterogeneity in the size of banks, thus affecting aggregate liquidity. Mergers among large banks tend to increase aggregate liquidity needs and thus the liquidity provision in monetary operations by the central bank.
Schlagwörter: 
Credit market competition
bank reserves
internal money market
banking system liquidity
JEL: 
D43
G21
G28
L13
Dokumentart: 
Working Paper
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