Entry And Competition In Highly Concentrated Banking Markets PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Entry And Competition In Highly Concentrated Banking Markets PDF full book. Access full book title Entry And Competition In Highly Concentrated Banking Markets.
Author | : Nicola Cetorelli |
Publisher | : |
Total Pages | : 10 |
Release | : 2003 |
Genre | : |
ISBN | : |
Download Entry and Competition in Highly Concentrated Banking Markets Book in PDF, ePub and Kindle
This paper studies conditions of entry and competitive conduct in highly concentrated banking markets. Using a data set of local U.S. markets characterized by banking monopolies, duopolies and oligopolies with more than two banks, I analyze the relationship between the number of banks in a market with demographic characteristics of the markets themselves and the prevailing competitive conduct in these markets. Estimates are obtained for the minimum market size at which a second bank, a third, a fourth, etc. can enter and maintain long-run profitability. The results suggest no evidence of cartel-like behavior, where banks collude and maximize joint monopoly profits, even in markets with two or three banks only. They are more consistent with the competitive conduct predicted by models of oligopolistic behavior.
Author | : David A. Alhadeff |
Publisher | : Univ of California Press |
Total Pages | : 268 |
Release | : 2023-11-10 |
Genre | : Business & Economics |
ISBN | : 0520345541 |
Download Monopoly and Competition in Banking Book in PDF, ePub and Kindle
This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1954.
Author | : Thomas Philippon |
Publisher | : Belknap Press |
Total Pages | : 361 |
Release | : 2019 |
Genre | : Business & Economics |
ISBN | : 0674237544 |
Download The Great Reversal Book in PDF, ePub and Kindle
American markets, once a model for the world, are giving up on competition. Thomas Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by investing and innovating, powerful firms use political pressure to secure their advantages. The result is less efficient markets, leading to higher prices and lower wages.
Author | : Nicola Cetorelli |
Publisher | : |
Total Pages | : 42 |
Release | : 2010 |
Genre | : |
ISBN | : |
Download Finance as a Barrier to Entry Book in PDF, ePub and Kindle
This paper tests how competition in local U.S. banking markets affects the market structure of non-financial sectors. Theory offers competing hypotheses about how competition ought to influence firm entry and access to bank credit by mature firms. The empirical evidence, however, strongly supports the idea that in markets with concentrated banking, potential entrants face greater difficulty gaining access to credit than in markets where banking is more competitive.
Author | : Charles F. Haywood |
Publisher | : |
Total Pages | : 128 |
Release | : 1972 |
Genre | : Bank holding companies |
ISBN | : |
Download The Potential Competition Doctrine Book in PDF, ePub and Kindle
Author | : Ashoka Mody |
Publisher | : World Bank Publications |
Total Pages | : 33 |
Release | : 2004 |
Genre | : Bancos extranjeros |
ISBN | : |
Download How Foreign Participation and Market Concentration Impact Bank Spreads Book in PDF, ePub and Kindle
Increasing foreign participation and high concentration levels characterize the recent evolution of banking sectors' market structures in developing countries. Martinez Peria and Mody analyze the impact of these factors on Latin American bank spreads during the late 1990s. Their results suggest that foreign banks were able to charge lower spreads relative to domestic banks. This was more so for de novo foreign banks than for those that entered through acquisitions. The overall level of foreign bank participation seemed to influence spreads indirectly, primarily through its effect on administrative costs. Bank concentration was positively and directly related to both higher spreads and costs. This paper--a product of Finance, Development Research Group--is part of a larger effort in the group to understand banking sector market structure changes in developing countries.
Author | : Sven Lilienthal |
Publisher | : GRIN Verlag |
Total Pages | : 41 |
Release | : 2009-03-24 |
Genre | : Political Science |
ISBN | : 3640296664 |
Download Thoughts on Entry Regulation, Financial Market Competition and Financial Crisis Book in PDF, ePub and Kindle
Seminar paper from the year 2009 in the subject Business economics - Economic Policy, grade: 1,0, University of Frankfurt (Main), course: Financial Regulation, language: English, abstract: This paper deals with the terms entry regulation, financial market competition and also indicates connections to potential financial crises. Authors in research have been attempting for years to build up a remedy for an optimal set-up.1 So, this is the reason I observe a seemingly never-ending discussion between two unofficial parties: Neither the proponents of the concentration-stability view, neither those of the concentration-fragility view will retreat from how to install proper competition in order to ensure stability. This paper also aims to understand the terms of both parties; their arguments and whether either monopolistic structures or competition are desirable in the financial industry. Therefore, I lay the theoretical foundation. I demonstrate with a model of the authors Boyd & De Nicoló that even economies with monopolistic structure are exposed to risk-taking activities – and not only banks in competitive industries. In chapter 3, I turn to the topic “Entry Regulation”. I unveil different yardsticks of entry regulation, reveal some advantages and draw up my own index. I show that mainly countries that suffered devastating crises in recent times have stringent entry regulation. This can be shown by regarding their high capital requirements or their barriers for submitting information of managers, future plans or composition of shareholders. I also show that entry regulation is an appropriate means for governments to control or to curb competition. In the last chapter, it is also shown that high entry capital requirements prevent mainly weak or inefficient banks from entry. In chapter 4, I present two ratios for assessing competition: The concentration ratio (CR) and H-Statistics (H). CR is widely used in literature and defines the market share of the largest banks in a country. By presenting CR, I also turn back to the argument between the concentration-stability and concentration-fragility views. Moreover, I do my part to debilitate the somewhat misleading statement that the European banking market is in a phase of consolidation and concentration. I do this by revealing that the concentration ratio slightly decreased in a time span of four years during the current decade. H-Statistics is a ratio to find out more about the ferocity and contestability of a market and how market participants react to changes in output prices. I show that there is, maybe surprisingly, no strict correlation between CR and H-Statistics. [...]
Author | : Stijn Claessens |
Publisher | : |
Total Pages | : 40 |
Release | : 2003 |
Genre | : Banks and banking, Foreign |
ISBN | : |
Download What Drives Bank Competition? Book in PDF, ePub and Kindle
Author | : Mr.Lev Ratnovski |
Publisher | : International Monetary Fund |
Total Pages | : 20 |
Release | : 2013-05-23 |
Genre | : Business & Economics |
ISBN | : 1484366174 |
Download Competition Policy for Modern Banks Book in PDF, ePub and Kindle
Traditional bank competition policy seeks to balance efficiency with incentives to take risk. The main tools are rules guiding entry/exit and consolidation of banks. This paper seeks to refine this view in light of recent changes to financial services provision. Modern banking is largely market-based and contestable. Consequently, banks in advanced economies today have structurally low charter values and high incentives to take risk. In such an environment, traditional policies that seek to affect the degree of competition by focusing on market structure (i.e. concentration) may have limited effect. We argue that bank competition policy should be reoriented to deal with the too-big-to-fail (TBTF) problem. It should also focus on the permissible scope of activities rather than on market structure of banks. And following a crisis, competition policy should facilitate resolution by temporarily allowing higher concentration and government control of banks.
Author | : Franklin R. Edwards |
Publisher | : |
Total Pages | : 154 |
Release | : 1964 |
Genre | : Balance of payments |
ISBN | : |
Download Concentration and Competition in Commercial Banking Book in PDF, ePub and Kindle