Showing 1 - 10 of 1,311
limiting distortions of competition, calls have been made for competition authorities to take on more formidable roles in … designing and implementing exit strategies. In order to foster competition as much as possible, it is proposed that ”governments …
Persistent link: https://www.econbiz.de/10011258137
We develop a tractable model of competition among motivated MFIs. We find that equilibria may or may not involve double … default equilibrium. Interestingly, an increase in MFI competition can lower efficiency, as well as increase the extent of …
Persistent link: https://www.econbiz.de/10009422002
The failure of competition and the consequent high and sticky interest rates in credit card markets have been the … existence of price competition in a credit card market to be estimated free of dynamic panel bias using recent quarterly data … significant, it is very weak. The paper thus provides empirical evidence for the failure of price competition in the Turkish …
Persistent link: https://www.econbiz.de/10008560068
limiting distortions of competition, calls have been made for competition authorities to take on more formidable roles in … designing and implementing exit strategies. In order to foster competition as much as possible, it is proposed that ”governments …
Persistent link: https://www.econbiz.de/10008560478
The paper focuses on the reform of economic institutions -those of the market system and the financial system, in particular. After introducing the analysis with a historical excursion on the development of economic institutions, the intent here is to propose significant modifications of the...
Persistent link: https://www.econbiz.de/10008560491
This paper provides an appraisal of some of the researches conducted in recent years for evaluating the efficiency of Islamic banks. It is restricted to studies using parametric (SFA) and non-parametric (DEA) models. It finds that they leave much to be desired and the conclusions they arrive at...
Persistent link: https://www.econbiz.de/10005836876
The fiscal policies in the contemporaneous economic systems heavy influence both the real and nominal sectors. These effects could be located at the primary distribution of the social resources as will as at level their redistribution one. The aims of this paper are: (1) to review the literature...
Persistent link: https://www.econbiz.de/10005837514
We propose two tests for the equality of covariance matrices between two high-dimensional populations. One test is on the whole variance-covariance matrices, and the other is on offdiagonal sub-matrices which define the covariance between two non-overlapping segments of the high-dimensional...
Persistent link: https://www.econbiz.de/10011259210
Islamic finance has come of age. Islamic banking and finance have been growing at a very fast rate, despite apparent serious setbacks (such as interruption of payments in Abu Dhabi in 2009, the Great Recession in Western countries between 2008 and 2010, and the recent turmoil in Middle Eastern...
Persistent link: https://www.econbiz.de/10011259307
Financial intermediaries perform indirect financing, and in this context, commercial banks are very important participants. They carry out the bulk of indirect financing transactions. On the other hand, the implementation mechanism of monetary policy is closely linked to the functioning of the...
Persistent link: https://www.econbiz.de/10011260910