Competition in banks’ lending business and its interference with ECB monetary policy

  • Patrick Brämera, Horst Gischera, Toni Richtera, Mirko Weißa
  • Published 2015


Our paper calls attention to the heterogeneous levels of competition in EMU banking systems. Employing a modified Lerner Index, our methodically unique data set enables us to calculate banks’ pricing power in the national lending business alone, instead of measuring market power for banks’ total business. We document that market power in the exclusive… (More)