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As the legislation on foreign direct investment (FDI) in Hungary has been probably the most liberal in Central and Eastern Europe since the mid-1980s, FDI is the primary form chosen by Western firms to enter the Hungarian market. The major channels of FDI include the privatisation of former...
Persistent link: https://www.econbiz.de/10013010036
Market is not only the result of the behaviour of agents, as we can find other forms of contact and communication. Many of them are determined by proximity conditions in some kind of space: in this paper we pay a particular attention to relational space, that is the space determined by the...
Persistent link: https://www.econbiz.de/10005787108
Contrary to the negative public perception, third-generation (3G) broadband mobile telecommunication, aka UMTS, has become reality. UMTS networks have been rolled out above all in Central Europe. The take-up of UMTS differs sharply from one country to the next, though. The large differences are...
Persistent link: https://www.econbiz.de/10005626835
The work discusses a basic proposition in the theory of competition in markets with adverse selection (Bester, 1985). By working out the sequence of market transactions, we show that the effectiveness of collateral in avoiding equilibrium rationing depends on an assumption of uncontestability of...
Persistent link: https://www.econbiz.de/10008743001
This paper analyses the effects of concentration on profitability in the US banking sector from 1994-2005, using bank …-interest revenue, and reduce both interest and non-interest costs. Furthermore, concentration appears to depress bank deposit interest … rates and raise both lending rates and the interest rate spread. This suggests that bank concentration might have negative …
Persistent link: https://www.econbiz.de/10005835748
statistical problems associated with the dynamic nature of bank-level data. The results suggest that both static methods provide …
Persistent link: https://www.econbiz.de/10005836996
Commercial banks undertake business of risk in an environment of asymmetric information. This is why, the industrial economists who are interested in theory of incomplete information and principal-agent framework have found the banking industry a promising field of research. There are number of...
Persistent link: https://www.econbiz.de/10005837261
competitiveness of the bank market, (2) to define conditions of entrance of new banks to the market, and (3) to establish a criterion …
Persistent link: https://www.econbiz.de/10005837421
This paper analyzes net interest income in the Mexican banking system over the period 1993-2005. Taking as reference the seminal work by Ho and Saunders (1981) and subsequent extensions by other authors, our study models the net interest margin simultaneously including operating costs and...
Persistent link: https://www.econbiz.de/10005000014
This paper employs the Panzar and Rosse (1987) and the Bresnahan models to determine the level of competition in the South African banking sector. This level of competition was tested during the period 1998 to 2008 for the Panzar and Rosse approach and from 1992 to 2008 for the Bresnahan model....
Persistent link: https://www.econbiz.de/10011257717