haku: @indexterm European Central Bank / yhteensä: 19
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| Tekijä: | Bagliano, F.C. Dalmazzo, A. Marini, G. |
| Otsikko: | Bank competition and ECB's monetary policy |
| Lehti: | Journal of Banking and Finance
2000 : JUN, VOL. 24:6, p. 967-983 |
| Asiasana: | Banking Competition Monetary policy European Central Bank European Union Models |
| Vapaa asiasana: | Implicit collusion |
| Kieli: | eng |
| Tiivistelmä: | In a model of oligopolistic competition in the banking sector, this paper analyzes how the monetary policy rule chosen by the Central Bank can influence the incentive of banks to set high interest rates on loans over the business cycle. There is exploited the basic model to investigate the potential impact of EMU implementation on collusion among banks. In particular, the possible effects of the European Central Bank's policy criteria with regard to the cost of credit in national markets are considered. |
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