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Northern Star; Canada's Path to Economic Prosperity

Klyuev, Vladimir; Mühleisen, Martin; Bayoumi, Tamim - International Monetary Fund (IMF) - 2007

Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these...

Persistent link: https://www.econbiz.de/10011245903

Macroeconomic Implications of Financial Dollarization; The Case of Uruguay

Gelos, Gaston; Mejía, Alejandro López; Piñón-Farah, … - International Monetary Fund (IMF) - 2008

Uruguay has experienced a remarkable recovery since the 2002 crisis, supported by sound policies and favorable external conditions. With the framework put in place in 2002, Uruguay abandoned an exchange rate peg in favor of a free float, adoped a monetary regime initially based on money targets,...

Persistent link: https://www.econbiz.de/10011245904

Pricing Debit Card Payment Services; An IO Approach

Tieman, Alexander F.; Bolt, Wilko - International Monetary Fund (IMF) - 2003

This paper presents a theoretical framework for analyzing pricing structures in debit card schemes featuring cardholders, retailers, their respective banks, and a network routing switch. The network routing switch controls the electronic debit card network and is jointly owned by the banks. In...

Persistent link: https://www.econbiz.de/10005264130

Consolidation and Market Structure in Emerging Market Banking Systems

Gelos, Gaston; Roldos, Jorge - International Monetary Fund (IMF) - 2002

This paper examines the evolution of market structure in emerging market banking systems during the 1990s. While significant bank consolidation has been taking place in these countries, reflected in a sharp decline in the number of banks, this process has not systematically been associated with...

Persistent link: https://www.econbiz.de/10005264153

Assessing Bank Competition within the East African Community

Sanya, Sarah; Gaertner, Matthew - International Monetary Fund (IMF) - 2012

Community (EAC) countries2. The results show that the degree of competition is low due to a combination of structural and socio …

Persistent link: https://www.econbiz.de/10009650623

Bank Competition and Financial Stability; A General Equilibrium Exposition

Lucchetta, Marcella; Nicoló, Gianni De - International Monetary Fund (IMF) - 2011

technology exhibits increasing returns to scale, or it is relatively efficient, then perfect competition is optimal and supports …, or is relatively inefficient, then imperfect competition and intermediate levels of bank risks are optimal. These results …

Persistent link: https://www.econbiz.de/10009401196

Competition in Indian Banking

International Monetary Fund (IMF); International … - 2005

It is widely perceived that competition in the Indian banking sector has increased since the inception of the financial … competitive conditions and earns revenues as if under monopolistic competition. …

Persistent link: https://www.econbiz.de/10005825694

Bank Efficiency and Competition in Low-Income Countries; The Case of Uganda

Hauner, David; Peiris, Shanaka J. - International Monetary Fund (IMF) - 2005

far-reaching banking sector reforms undertaken in Uganda to improve competition and efficiency. Using models that have … been previously used only in industrial countries, we find that the level of competition has increased significantly and …

Persistent link: https://www.econbiz.de/10005826275

Bank Competition and Firm Creation

Dell'Ariccia, Giovanni - International Monetary Fund (IMF) - 2001

This paper investigates the empirical relationship between competition in the financial sector and the creation of … firms in the non-financial sector. It finds that bank competition has an overall positive effect on firm creation. However …, consistent with theories of banking arguing that competition may reduce the availability of credit to informationally opaque …

Persistent link: https://www.econbiz.de/10005826289

Competition in the Financial Sector; Overview of Competition Policies

Claessens, Stijn - International Monetary Fund (IMF) - 2009

As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests …, however, that unfettered competition is not first best given the special features of finance. I review these analytics and … describe how to assess the degree of competition in markets for financial services. Existing research shows that the degree of …

Persistent link: https://www.econbiz.de/10005826668