Patterns in cross-border banking have changed since the global financial crisis. This may affect domestic bank market structures and macroeconomic stability in the longer term. In this study, I theoretically and empirically analyze how different modes of cross-border banking impact bank concentration and market power. I use a two-country general equilibrium model with heterogeneous banks developed ...
In:
Journal of Banking & Finance
50 (2015), S. 242-259
| Franziska M. Bremus
In:
Jon Danielsson (Ed.) ,
Post-Crisis Banking Regulation : Evolution of Economic Thinking as it Happened on Vox
London:CEPR
S. 117-126
| Franziska Bremus, Claudia M. Buch, Katheryn N. Russ, Monika Schnitzer
Does the mere presence of big banks affect macroeconomic outcomes? In this paper, we develop a theory of granularity (Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups. Using this framework, we show conditions under which idiosyncratic shocks to bank lending can generate aggregate fluctuations in the credit supply when the banking ...
Cambridge, Mass.:
National Bureau of Economic Research,
2013,
40 S.
(NBER Working Paper Series ; 19093)
| Franziska Bremus, Claudia Buch, Katheryn N. Russ, Monika Schnitzer
We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank-level do not cancel out in the aggregate but can affect macroeconomic outcomes. Financial openness may affect GDP growth in and of itself, and it may also influence ...
München:
CESifo,
2013,
42 S.
(CESifo Working Papers ; 4356)
| Franziska Bremus, Claudia M. Buch