01818cas a2200265 a 4500 AALejournalIMF021641 230101c9999 xx r poo 0 0eng d 18.00 USD 9781513573526 1018-5941 BD-DhAAL BD-DhAAL When They Go Low, We Go High? : Measuring Bank Market Power in a Low-for-Long Environment. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We examine trends in bank competition since the early 2000s. The Lerner index-arguably the most commonly used measure-shows evidence of a marked increase in market power in advanced economies, especially after the global financial crisis. But other frequently used indicators of banking sector competition seem much more muted. We show that the significant drop in policy rates that occurred in the aftermath of the crisis could explain the seeming disconnect. Adjusting the Lerner index for the impact of policy rates reveals that market power has been fairly constant in advanced economies-consistent with the other signals and similar to the pattern observed in emerging markets. Mode of access: Internet Foreign Exchange imf Informal Economy imf Underground Econom imf IMF Working Papers; Working Paper ; No. 2021/149 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/149/001.2021.issue-149-en.xml IMF e-Library