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The profit-structure relationship, efficiency and mergers in the European banking industry: an empirical assessment
Punt, L.W.; Rooij, M.C.J. van - de Nederlandsche Bank - 1999
-structure relationship because it stimulates both profitability and market share. Bank mergers in recent years have been successful because …, on average, X-efficiency and profitability have improved after the consolidation. Moreover, there are no indications of … unfavourable price setting behaviour as a result of increased market power. …
Persistent link: https://www.econbiz.de/10005030227
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Misspecifiation of the Panzar-Rosse Model: Assessing Competition in the Banking Industry
Bikker, Jacob; Spierdijk, Laura; Finnie, Paul - de Nederlandsche Bank - 2006
This paper demonstrates that the level of competition in the existing Panzar Rosse (P-R) literature is systematically overestimated and that the tests on both monopoly and perfect competition are distorted. This is due to the use of bank revenues divided by total assets as dependent variable in...
Persistent link: https://www.econbiz.de/10005021837
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The Impact of Bank Size on Market Power
Bikker, Jacob A.; Spierdijk, Laura; Finnie, Paul - de Nederlandsche Bank - 2006
Over the past few decades, the worldwide banking industry has undergone strong consolidation. As a result, the number of banks has fallen sharply. At the same time, the size of the largest banks has increased substantially, both in absolute figures and relative to the size of smaller banks. This...
Persistent link: https://www.econbiz.de/10005021844
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Stock market performance and pension fund investment policy: rebalancing, free float, or market timing?
Bikker, Jacob A.; Spierdijk, Laura; Finnie, Paul - de Nederlandsche Bank - 2007
Using a measure of competition based on the Panzar-Rosse model, this paper explains bank competition across 76 countries on the basis of various determinants. Studies explaining banking competition are rare and typically insuffciently robust as they are based on a limited number of countries...
Persistent link: https://www.econbiz.de/10005101816
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An international scorecard for measuring bank performance: The case of Dutch banks
Bos, J.W.B.; Draulans, J.A.J.; Kommer, D. van den; … - de Nederlandsche Bank - 2006
Measuring bank performance solely on the basis of profitability conveys significant information about past performance … criteria: (i) profitability; (ii) risk; (iii) market power, and (iv) efficiency. We use this scorecard to compare the …
Persistent link: https://www.econbiz.de/10010562428
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The Impact of Explicit Deposit Insurance on Market Discipline
Ioannidou, Vasso; Dreu, Jan de - de Nederlandsche Bank - 2006
This paper studies the impact of explicit deposit insurance on market discipline in a framework that resembles a natural experiment. We improve upon previous studies by exploiting a unique combination of country-specific circumstances, design features, and data availability that allows us to...
Persistent link: https://www.econbiz.de/10005106646
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Trends in Competition and Profitability in the Banking Industry: A Basic Framework
Bikker, Jacob; Bos, Jaap - de Nederlandsche Bank - 2004
bank profitability. We evaluate a broad field of research by introducing a general framework for a profit maximizing bank …
Persistent link: https://www.econbiz.de/10005021826
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Large Bank Efficiency in Europe and the United States: Are There Economic Motivations for Geographic Expansion in Financial Services?
Bos, J.W.B.; Kolari, J.W. - de Nederlandsche Bank - 2003
frontier may exist, separate cost frontiers are implied. Although profitability in absolute terms is equal, large U.S. banks …
Persistent link: https://www.econbiz.de/10005021890
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Pricing in Retail Payment Systems: A Public Policy Perspective on Pricing of Payment Cards
Bolt, Wilko; Chakravorti, Sujit - de Nederlandsche Bank - 2011
The provision of retail payment services is complex with many participants engaging in a series of interrelated bilateral transactions and subject to large economies of scale and scope along with strong adoption, usage and network externalities. This makes sound public policy difficult. We focus...
Persistent link: https://www.econbiz.de/10009392061
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Consumer credit and payment cards
Bolt, Wilko; Foote, Elizabeth; Schmiedel, Heiko - de Nederlandsche Bank - 2011
We consider debit and credit card networks. Our contribution is to introduce the role of consumer credit into these payment networks, and to assess the way this affects competition and equilibrium fees. We analyze a situation in which overdrafts are associated with current accounts and debit...
Persistent link: https://www.econbiz.de/10009392062