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| LEADER |
01405nam a2200253Ia 4500 |
| 001 |
10.1111-jmcb.12545 |
| 008 |
220706s2018 CNT 000 0 und d |
| 020 |
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|a 00222879 (ISSN)
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| 245 |
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|a Big Banks and Macroeconomic Outcomes: Theory and Cross-Country Evidence of Granularity
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| 260 |
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|b Blackwell Publishing Inc.
|c 2018
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| 856 |
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|z View Fulltext in Publisher
|u https://doi.org/10.1111/jmcb.12545
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|a Does the mere presence of big banks affect macroeconomic outcomes? We develop a theory of granularity for the banking sector by modeling heterogeneous banks charging variable markups. Using data for a large set of countries, we show that the banking sector is indeed “granular,” as the right tail of the bank size distribution follows a power law. We demonstrate empirically that the presence of big banks, measured by a high degree of market concentration, is associated with a positive and significant relationship between bank-level credit growth and aggregate growth of credit or GDP. © 2018 The Ohio State University
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|a bank competition
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| 650 |
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|a concentration
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|a E31
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| 650 |
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|a G21
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| 650 |
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|a granularity
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| 650 |
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|a macroeconomic outcomes
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| 650 |
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|a markups
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| 700 |
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|a Bremus, F.
|e author
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|a Buch, C.M.
|e author
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|a Russ, K.N.
|e author
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|a Schnitzer, M.
|e author
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| 773 |
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|t Journal of Money, Credit and Banking
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