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The aim of this paper is to assess the level of competition prevailing in the Spanish banking system. The current … banks. In both settings, a noteworthy increase in the degree of competition is identified at the turn of the eighties, when … hypothesis which states that concentration impairs competition. …
Persistent link: https://www.econbiz.de/10005022271
. Many empirical studies suggest that financial reform promoted bank competition in most mature and emerging economies …. However, some earlier studies that adopted conventional approaches to measure competition concluded that bank competition in … Panzar- Rosse H-statistic fail to measure competition in Chinese loan markets properly due to the system of interest rate …
Persistent link: https://www.econbiz.de/10010862252
This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … competition can consider the entire banking market only. A caveat of the Boone-indicator may be that it assumes that banks …
Persistent link: https://www.econbiz.de/10005022263
This paper analyses the evolution of total factor productivity growth and market power in Spain during the period 1983-1996. The data consists of a large firm level data set that encompasses all sectors of economic activity apart from financial institutions. The results show that traditional...
Persistent link: https://www.econbiz.de/10005590674
models spatial price competition between bank branches jointly with banks’ decisions on the opening or closing of branches … distance between bank branches and bank customers; and iii) shows how the intensity of market competition may be unaffected …
Persistent link: https://www.econbiz.de/10010941711
This paper investigates the size distribution of the whole population of Spanish commercial, savings and cooperative banks from a dynamic perspective over the 1970 2006 period. To investigate the evolution of the size distribution, we determine whether the data satisfies the Law of Proportionate...
Persistent link: https://www.econbiz.de/10005155206
-taking. As market power is the primary source of franchise value, reduced competition in banking markets has been seen as …
Persistent link: https://www.econbiz.de/10008478833
intensive use of this employment type. Our results also show that increases in competition lead to productivity improvements … of competition in the services sector may be preventing firms to increase specialization while outsourcing non …
Persistent link: https://www.econbiz.de/10008751398
market competition with search costs. …
Persistent link: https://www.econbiz.de/10005022230
This paper analyses the impact of loan market competition on the interest rates applied by euro area banks to loans and … deposits during the 1994-2004 period, using a novel measure of competition called the Boone indicator. We find evidence that … stronger competition implies significantly lower spreads between bank and market interest rates for most loan market products …
Persistent link: https://www.econbiz.de/10005022279