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With whom to merge?: A tale of the Spanish banking deregulation process
Lozano Vivas, Ana; Meléndez-Jiménez, Miguel A.; … - In: SERIEs : Journal of the Spanish Economic Association 2 (2011) 2, pp. 159-184
deregulation process. We find that once the geographic deregulation process finishes, inter-regional mergers between savings banks … will be mergers between savings and commercial banks. -- branch deregulation ; mergers ; optimal behavior ; Spanish banking …
Persistent link: https://www.econbiz.de/10009355559
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The Impact of Mergers on the Degree of Competition in the Banking Industry
Cerasi, Vittoria; Chizzolini, Barbara; Ivaldi, Marc - C.E.P.R. Discussion Papers - 2010
This paper analyses the relation between competition and concentration in the banking sector. The empirical answer is given by testing a monopolistic competition model of bank branching behaviour on individual bank data at county level (départements and provinces) in France and Italy. We...
Persistent link: https://www.econbiz.de/10008468717
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Holes in the dike : the global savings glut, U.S. house prices and the long shadow of banking deregulation
Hoffmann, Mathias; Stewen, Iryna - 2014
We explore empirically how capital inflows into the US and financial deregulation within the United States interacted … measure of financial liberalization, we focus on the history of interstate-banking deregulation during the 1980s, i.e. prior … of deregulation: in states that opened their banking markets to out-of-state banks earlier, house prices were more …
Persistent link: https://www.econbiz.de/10010459858
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Regulatory Reform and Productivity Change in Indian Banking
Casu, Barbara; Ferrari, Alessandra; Zhao, Tianshu - In: The Review of Economics and Statistics 95 (2013) 3, pp. 1066-1077
This paper examines the impact of regulatory reform on productivity growth and its components for Indian banks from 1992 to 2009. We estimate parametric and nonparametric efficiency frontiers, followed by Divisia and Malmquist indexes of total factor productivity, respectively. To account for...
Persistent link: https://www.econbiz.de/10011009907
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Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking
Acharya, Viral V.; Gromb, Denis; Yorulmazer, Tanju - In: American Economic Journal: Macroeconomics 4 (2012) 2, pp. 184-217
We study interbank lending and asset sales markets in which banks with surplus liquidity have market power vis-à-vis banks needing liquidity, frictions arise in lending due to moral hazard, and assets are bank-specific. Surplus banks ration lending and instead purchase assets from needy banks,...
Persistent link: https://www.econbiz.de/10011014382
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Regulating Consumer Financial Products: Evidence from Credit Cards
Agarwal, Sumit; Chomsisengphet, Souphala; Mahoney, Neale; … - National Bureau of Economic Research (NBER) - 2013
We analyze the effectiveness of consumer financial regulation by considering the 2009 Credit Card Accountability Responsibility and Disclosure (CARD) Act in the United States. Using a difference-in- differences research design and a unique panel data set covering over 160 million credit card...
Persistent link: https://www.econbiz.de/10010951059
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Bank Mergers, Competition and Liquidity
Carletti, Elena; Hartmann, Philipp; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2004
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. We assess changes in liquidity...
Persistent link: https://www.econbiz.de/10005497912
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The dynamics of a banking duopoly with capital regulations
Fanti, Luciano - In: Economic Modelling 37 (2014) C, pp. 340-349
This paper analyses the dynamics of a banking duopoly game with heterogeneous and homogeneous players (as regards the type of expectations' formation), to investigate the effects of the capital requirements introduced by international accords (Basel-I in 1988 and more recently Basel-II and...
Persistent link: https://www.econbiz.de/10010743990
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Foreign Currency Borrowing by Small Firms
Brown, Martin; Ongena, Steven; Yesin, Pinar - C.E.P.R. Discussion Papers - 2009
We examine the firm- and country-level determinants of the currency denomination of small business loans. We first model the choice of loan currency in a framework which features a trade-off between lower cost of debt and the risk of firm-level distress costs, and also incorporates the impact of...
Persistent link: https://www.econbiz.de/10008496451
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In with the big, out with the small : removing small-scale reservations in India
Martin, Leslie A.; Nataraj, Shanthi; Harrison, Ann E. - 2014
Persistent link: https://www.econbiz.de/10010258194