Showing 1 - 8 of 8
This paper presents two versions of a spatial competition model forthe banking sector. The first version, describes a framework that fol-lows closely Salop´s spatial competition model. This version is modi-fied in the second part by introducing the loan market and default riskprobabilities for...
Persistent link: https://www.econbiz.de/10005262660
This paper examines competition among commercial banks following deregulation in a small open economy. I jointly estimate a system of differentiated product demand and pricing equations, and use conduct parameters to identify market structure. The empirical results show that the banking sector...
Persistent link: https://www.econbiz.de/10005558137
This paper examines the relationship between mortgage default decisions andrelevant observable variables under the light of a random utility model. The focusof the study is the Colombian mortgage market between 1997 and 2004 using twoseparate data sets that are matched using simulation...
Persistent link: https://www.econbiz.de/10011082428
This paper presents a multimarket spatial competition oligopoly model for the Colombian deposit market, in line with …
Persistent link: https://www.econbiz.de/10005196696
This report identifies a set of policy lessons for China today drawn from the experience of financial deregulation, financial crisis and recovery in Scandinavia during the period 1985-2000. Although there are considerable differences between the huge Chinese economy and the small Nordic...
Persistent link: https://www.econbiz.de/10005064046
Per unit bank operating costs are found to vary significantly across Asian countries and over time. The strong correlation between per unit labor cost and physical capital cost suggests that there exist systematic differences in bank operating efficiency across countries. The declining operating...
Persistent link: https://www.econbiz.de/10005738147
Since the 1997-8 Asian financial crisis, the level of foreign bank penetration has increased steadily in Asian banking markets. This paper examines the impact of foreign banks on the monetary policy transmission mechanism in emerging Asian economies during the period from 2000 to 2009, with a...
Persistent link: https://www.econbiz.de/10010736512
This paper sheds light on the transmission mechanism of loan-to-value (LTV) policy to financial stability by providing three findings from Hong Kong. First, there is evidence that LTV cap tightening since 2009 has dampened both borrowers' leverage and credit growth, and that lower leverage has...
Persistent link: https://www.econbiz.de/10010742022