Showing 1 - 10 of 18
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
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
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
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
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
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
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
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
conclusions. First, further steps in regional integration would enhance competition and produce large economic benefits for both …
Persistent link: https://www.econbiz.de/10005768829
This paper provides an empirical assessment of the degree of competition in Hong Kong SAR using industry-level data … decade has also made it slightly less competitive on average. Imperfect competition is not leading to counter …
Persistent link: https://www.econbiz.de/10005769040