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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
Persistent link: https://www.econbiz.de/10005590918
. International experience suggests that greater competition from and participation of foreign banks can in general bring important …
Persistent link: https://www.econbiz.de/10005825702
This paper presents a model of a banking industry with heterogeneous banks that delivers predictions on the relationship between banks' risk of failure, market structure, bank ownership, and banks' screening and bankruptcy costs. These predictions are explored empirically using a panel of...
Persistent link: https://www.econbiz.de/10005826093
This paper investigates the determinants of private investment in Pakistan with special emphasis on the impact of government investment. Using annual data for the period 1973/74-1991/92, it is estimated that private investment was positively correlated to GDP growth, to credit extended to the...
Persistent link: https://www.econbiz.de/10005826160
This paper examines the effect of counterfeit goods in a world where consumers are differentiated by level of income and innovation is quality enhancing. Counterfeit goods are defined as products with the same characteristics as “originals”, but of lower quality. The effect of imitation on...
Persistent link: https://www.econbiz.de/10005826398
equity markets. The number of captives established in the IOM has fallen, reflecting competition from jurisdictions within …
Persistent link: https://www.econbiz.de/10011243543
Australia’s four largest banks can be considered domestically systemic. They make up the lion’s share of the banking system, use similar business models, and are interconnected. The top four banks are relatively similar in terms of systemic importance, partly reflecting the...
Persistent link: https://www.econbiz.de/10011245198
This paper tests the effect of comparative advantage, size, and networking on the firm probability of exporting. The closest theoretical framework is the one of Bernard, Redding, and Schott (2007), with firm heterogeneity across countries and industries. We use a recently assembled multi-country...
Persistent link: https://www.econbiz.de/10009019602
that policies that promote competition and reduce market concentration would help lower interest margins in SSA. The …
Persistent link: https://www.econbiz.de/10011123880