Showing 1 - 10 of 232
This paper analyses the effects of concentration on profitability in the US banking sector from 1994-2005, using bank-level panel data. A new index of concentration is proposed, which reflects the depth and intensity of concentration. The econometric specification facilitates the simultaneous...
Persistent link: https://www.econbiz.de/10005835748
over marginal theory of imperfect competition. The controversy was closed prematurely; various contributions published … analysis of competition; it is too often neglected in favour of the sole competition on margins. …
Persistent link: https://www.econbiz.de/10011113011
We use data on sequential water auctions to estimate demand when units are com- plements or substitutes. A sequential English auction model determines the estimating structural equations. When units are complements, one bidder wins all units by paying a high price for the first unit, thus...
Persistent link: https://www.econbiz.de/10011114563
degree of competition using the H-statistic by Panzar and Rosse (1987). The estimated H-statistics for the whole sample … periods are positive ranging from 0.38 to 0.62 and the Wald test for the market structure of monopoly or perfect competition … is rejected implying that the Islamic banks in Malaysia earned their revenue in the condition of monopolistic competition. …
Persistent link: https://www.econbiz.de/10005623258
This study empirically investigates the hypothesis that a higher real ceiling on federal deposit insurance leads to an increased failure rate for savings and loans (S&Ls). After providing a history of federal deposit insurance, a formal model is developed. The empirical analysis thereof examines...
Persistent link: https://www.econbiz.de/10011109375
Transplantation of institutions is an important part of reforms in many developing and transition economies. However, principles and methods of transplantation are not developed and therefore many transplantation attempts failed. This is a case for numerous projects of accelerated building the...
Persistent link: https://www.econbiz.de/10008633354
We develop a strategy for building mass mortgage financing in Russia based on the transplantation of a modified institution of Contractual Savings for Housing (CSH) and on the control upon its evolution. Rationality of the proposed decision is justified by analysis of mortgage institutions...
Persistent link: https://www.econbiz.de/10008560968
Financial liberalisation and innovation (FLIB) in Australia over the 1980s and 1990s provided the institutional …
Persistent link: https://www.econbiz.de/10005052192
real economy, that is the securitisation of financial assets (and in particular of loans and mortgages) and the growth of … exposure to credit derivatives, mainly due to loan securitisation, may have affected the growth rate of loans over the past few … liquidity/maturity transformation function associated with securitisation activities. The results of the paper regarding the …
Persistent link: https://www.econbiz.de/10011260670
The research estimates a competing risk model of mortgage terminations on a sample of UK securitized subprime mortgages. We consider whether the variety of mortgage contracts that were securitized explains the performance of subprime securities and their supposed ‘idiosyncratic’ behaviour....
Persistent link: https://www.econbiz.de/10008756295