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En este artículo se estudia la privatización de un grupo de bancos públicos provinciales en Argentina en 1993-2001. En … contraste con la mayoría de los estudios previos sobre privatizaciones que analizaron principalmente sus efectos sobre la … eficiencia económica, este estudio se enfoca en dos cuestioness: i) evaluar si la privatización de los bancos públicos …
Persistent link: https://www.econbiz.de/10010323250
During the 1990S Argentina implemented a profound process of transferring to private capital of public enterprises and strategic areas that historically had remained under the ownership and management of the national State. These privatizations has as target the promotion of economic efficiency...
Persistent link: https://www.econbiz.de/10005089319
Studies of banking competition and competitive behaviour both within and across countries typically utilise only one of the few measures that are available. In trying to assess the relative competitive position of banking markets in 14 European countries, we find that the existing indicators of...
Persistent link: https://www.econbiz.de/10015216887
We model bank oligopoly behaviour using price and non-price competition as strategic variables in an expanded conjectural variations framework. Rivals can respond to changes in both loan and deposit market prices as well as (non-price) branch market shares. The model is illustrated using data...
Persistent link: https://www.econbiz.de/10015216888
We model bank oligopoly behaviour using price and non-price competition as strategic variables in an expanded conjectural variations framework. Rivals can respond to changes in both loan and deposit market prices as well as (non-price) branch market shares. The model is illustrated using data...
Persistent link: https://www.econbiz.de/10015218466
We model the impact of bank mergers on loan competition, reserve holdings and aggregate liquidity. A merger changes the distribution of liquidity shocks and creates an internal money market, leading to financial cost efficiencies and more precise estimates of liquidity needs. The merged banks...
Persistent link: https://www.econbiz.de/10010298322
This paper studies banks' competitive behavior on the deposit side of the Italian retail banking industry. We use a structural model to estimate demand for deposit services and test several supply models. We find that both the competitive, differentiated product Bertrand and the perfectly...
Persistent link: https://www.econbiz.de/10015237974
This paper documents a positive relation between bank competition and the penetration of bank accounts at the municipal level in Mexico. To account for potential biases in our regressions due to the endogeneity of market structure, we employ a two-stage estimation approach based on an...
Persistent link: https://www.econbiz.de/10010392376
We provide a framework for empirical analysis of negotiated-price markets. Using mortgage market data and a search and negotiation model, we characterize the welfare impact of search frictions and quantify the role of search costs and brand loyalty for market power. Search frictions reduce...
Persistent link: https://www.econbiz.de/10011939454
We study the adverse selection problem in imperfectly competitive credit markets and illustrate the circumstances where a separating equilibrium emerges, even without collateral.The borrowers are heterogeneous in their preferences concerning the banks.Separation obtains in market segments where...
Persistent link: https://www.econbiz.de/10012147982