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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
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
Persistent link: https://www.econbiz.de/10011604338
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
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 model the impact of bank mergers on loan competition, reserve holdings and aggregate liquidity. A merger creates an internal money market that affects reserve holdings and induces financial cost advantages, but also withdraws liquidity from the interbank market. Loan market competition...
Persistent link: https://www.econbiz.de/10010321358
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
Recent experience from Europe and Japan shows that commercial banks generally pass negative short-term policy rates on to wholesale depositors, such as insurances and pension funds. Yet, they refrain from charging negative rates to ordinary retail customers. This paper asks whether the existing...
Persistent link: https://www.econbiz.de/10012546031
bancos ; competencia monopolista ; privatizaciones …
Persistent link: https://www.econbiz.de/10003875253