Author: Donald Ofoegbu
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659424373
Category :
Languages : en
Pages : 76
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Book Description
The gains from an industrial competitive markets includes higher product/service quality, stable and lower prices. However, the extent of competition dependent on the number of operating firms in the industry and governing reforms and regulations; susceptible by Consolidation and Deregulatory measures. Given a scenario where both operates; one reducing the number of operating firms on a justification for stronger units and the other intended to liberalize and enhance competition, what impact do these have on the level of competition? Is firm number over-rated in the context of market competition? This Book delves into investigating these issues by considering both consolidation and deregulation impacts on the level of competition in a banking industry.
Author: S. Kerry Cooper
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 396
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Book Description
Author: Gaston Gelos
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
This paper examines the evolution of market structure in emerging market banking systems during the 1990s. While significant bank consolidation has been taking place in these countries, reflected in a sharp decline in the number of banks, this process has not systematically been associated with increased concentration as measured by standard indices. Moreover, econometric estimates based on the Panzar-Rosse (1987) methodology suggest that, overall, markets have not become less competitive in a sample of eight European and Latin American countries. Lowering barriers to entry, by doing such things as allowing increased participation of foreign banks, appears to have prevented a decline in competitive pressures associated with consolidation.
Author: United States. Congress. House. Committee on the Judiciary
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 118
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Book Description
Author: Paolo Angelini
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The paper analyzes the evolution of competitive conditions in the Italian banking industry using firm-level balance sheet data for the period 1984-1997. Regulatory reform, large-scale consolidation and competitive pressure from other European countries have changed substantially the banking environment, with potentially offsetting effects on the overall degree of competitiveness. We find that competitive conditions, relatively unchanged until 1992, improved substantially thereafter, as signaled by the decline in estimated mark-ups. Also, we analyze for the first time the long-run impact of the consolidation process on competition, and find no evidence that banks involved in mergers and acquisitions gained market power; at the same time, they exhibit lower than average marginal costs. Finally, after controlling for various factors that may have determined the time pattern of banks' estimated mark-ups, we still detect a significant unexplained drop in our competitive conditions indicators after 1992. Overall, our evidence is consistent with the hypothesis that the deregulation process, culminated with the implementation of the Second Banking Directive in 1993, significantly contributed to improve bank ompetition, and that it may also have been an important determinant of the consolidation process recorded by the Italian credit system during the nineties.
Author: Bank for International Settlements
Publisher:
ISBN:
Category :
Languages : en
Pages : 158
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Book Description
Recent developments in the banking industry in emerging economies, such as competition and consolidation, and their implications for systemic stability, were discussed at a meeting of senior central bankers held at the BIS in December 2000. Revised versions of the overview paper prepared by the BIS for the meeting, and papers prepared by the attendees on developments in their own economies, are included in this volume of BIS Papers. The developments are being driven by technological innovation, deregulation and changes in corporate behaviour, in some cases accentuated by recent banking crises. Important aspects include privatisation of state-owned banks, mergers of domestic banks and entry of foreign banks. Although prepared independently, in some ways this volume discussing developments in emerging economies complements the G10 volume Report on Consolidation in the Financial Sector which discusses developments in the advanced economies.
Author: Henry J. Hyde
Publisher:
ISBN: 9780756715830
Category : Business & Economics
Languages : en
Pages : 113
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Book Description
Focuses on mergers and the effect mergers have on the economy. Witnesses: Bill Baer, Federal Trade Comm.; Steven A. Bennett, Banc One Corp.; James W. Brock, Professor of Economics, Miami Univ.,; Bill Flory, National Assoc. of Wheat Growers; Jim Foorman, First Chicago NBD; William L. McQuillan, Independent Bankers Assoc. of Amer.; Laurence H. Meyer, Federal Reserve System; John M. Nannes, Antitrust Div., U.S. Dept. of Justice; Paul Polking, Nations Bank Corp.; Jim Roethe, Bank America Corp.; John J. Roche, Citicorp; and Frank Torres, Consumers Union.
Author: Xavier Vives
Publisher: Princeton University Press
ISBN: 0691210039
Category : Business & Economics
Languages : en
Pages : 344
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Book Description
A distinguished economist examines competition, regulation, and stability in today's global banks Does too much competition in banking hurt society? What policies can best protect and stabilize banking without stifling it? Institutional responses to such questions have evolved over time, from interventionist regulatory control after the Great Depression to the liberalization policies that started in the United States in the 1970s. The global financial crisis of 2007–2009, which originated from an oversupply of credit, once again raised questions about excessive banking competition and what should be done about it. Competition and Stability in Banking addresses the critical relationships between competition, regulation, and stability, and the implications of coordinating banking regulations with competition policies. Xavier Vives argues that while competition is not responsible for fragility in banking, there are trade-offs between competition and stability. Well-designed regulations would alleviate these trade-offs but not eliminate them, and the specificity of competition in banking should be accounted for. Vives argues that regulation and competition policy should be coordinated, with tighter prudential requirements in more competitive situations, but he also shows that supervisory and competition authorities should stand separate from each other, each pursuing its own objective. Vives reviews the theory and empirics of banking competition, drawing on up-to-date analysis that incorporates the characteristics of modern market-based banking, and he looks at regulation, competition policies, and crisis interventions in Europe and the United States, as well as in emerging economies. Focusing on why banking competition policies are necessary, Competition and Stability in Banking examines regulation's impact on the industry's efficiency and effectiveness.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264120564
Category :
Languages : en
Pages : 87
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Book Description
This report examines the interplay between banking competition and financial stability, taking into account the experiences in the recent global crisis and the policy response to it. The report has been prepared by members of the Directorate of ...
Author: Mr.Giovanni Dell'Ariccia
Publisher: International Monetary Fund
ISBN: 145195154X
Category : Business & Economics
Languages : en
Pages : 32
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Book Description
The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather proprietary information about their clients, acquiring an advantage over potential entrants. These informational asymmetries are an important determinant of the industry structure and may represent a barrier to entry for new banks. The paper shows that, in contrast with traditional models of horizontal differentiation, the steady-state equilibrium is characterized by a finite number of banks even in the absence of fixed costs.
