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 … and empirical evidence to illustrate the impact of the misspecification on the estimation of competition and the …

absolute figures and relative to the size of smaller banks. This paper analyzes the impact of this development on competition … that competition increases with bank size. We show that misspecification of the P-R model in the existing literature leads …

credit losses rise when the cycle falls, but less so when net income of banks is relatively high, which reduces … procyclicality. Lending fluctuates with the business cycle too, but appears to be driven by demand rather than by supply factors such …

banks' funding costs and corporate lending rates. Using a dataset of 26 Dutch banks from January 2008 to December 2011, I … corporate lending. This effect is caused by banks being not able to pass on their increased funding costs in the interbank … to have a major impact on corporate lending rates. …

substantially higher when GDP growth is lower, reflecting increased riskiness of the credit portfolio when the business cycle turns … downwards, which also increases the risk of a credit crunch. This effect is mitigated somewhat as provisions rise in times when …

substantially higher when GDP growth is lower, reflecting increased riskiness of the credit portfolio when the business cycle turns … downwards, which also increases the risk of a credit crunch. This effect is mitigated somewhat as provisions rise in times when …

The model of Stiglitz and Weiss ( American Economic Review , 1981, 71(3)) is the seminal analytical work on credit … of their implicit assumption of a one-period Bertrand game between banks. In more realistic modes of bank competition, in …

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 … number of banks and banking concentration, have been considered the major determinants of competition in the banking sector …

This paper is the first detailed and world-wide investigation of the developments in banking competition during the … the banking industry. The changes in competition over time are small on average, but substantial for several countries and … regions. Various Western economies faced a significant decline in banking competition during recent years. In particular, the …