Showing 1 - 2 of 2
The Riegle-Neal Act in the US and the Economic and Monetary Union in Europe are recent initiatives to stimulate financial integration.These initiatives allow new entrants to "poach" the incumbents' clients by offering them attractive loan offers.We show that these deregulations may be...
Persistent link: https://www.econbiz.de/10011092891
We show that competing firms relax overall competition by lowering future barriers to entry.We illustrate our findings …-period profits.This dampens competition for serving the first-period market. …
Persistent link: https://www.econbiz.de/10011091557