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The profit-maximizing and oligopoly bank model developed by Bresnahan and Lau allows determining the degree of market … power held by an average bank. The equilibrium price equation includes a mark up, which is not used in the case of perfect …
Persistent link: https://www.econbiz.de/10010325100
This paper examines whether bank ownership (public versus private, domestic versus foreign) is correlated with bank … bank managers; evidence is found in support of the former hypothesis. In the case of foreign-owned banks, the paper finds …
Persistent link: https://www.econbiz.de/10010327091
Electronic shelf label (ESL) is an emerging price display technology around the world. While these new technologies require non-trivial investments by the retailer, they also promise significant operational efficiencies in the form of savings in material, labor and managerial costs. The presumed...
Persistent link: https://www.econbiz.de/10012387264
loan loss reserves and a higher presence of foreign banks have a negative impact on the availability of bank credit. The …
Persistent link: https://www.econbiz.de/10013370124
In the United States and the European Union (EU), political incentives to oppose cross-border banking have been strong in spite of the measurable benefits to the real economy from breaking down geographic barriers. Even a federal-level supervisor and safety net are not by themselves sufficient...
Persistent link: https://www.econbiz.de/10011460623
This paper examines the Swedish record of competition in the supply of bank notes in the 19th century. Between 1831 and … with the notes of the Riksbank, the bank owned by the Riksdag, the Swedish parliament. The private banks turned out to be … of an overissue of notes or of runs by the public on private note banks occurred. No private bank failed to redeem its …
Persistent link: https://www.econbiz.de/10013208897
This paper discusses the technological change and financial innovation that commercial banking has experienced during the past twenty-five years. The paper first describes the role of the financial system in economies and how technological change and financial innovation can improve social...
Persistent link: https://www.econbiz.de/10010292293
This paper provides empirical confirmation for Petersen and Rajan's (2002) widely accepted conjecture that information technology was the primary driver of the observed increase in small business borrower-lender distances in the United States in recent years. Using a different data source for...
Persistent link: https://www.econbiz.de/10010292309
Financial intermediation has changed dramatically over the past 30 years, due in large part to technological change. The paper first describes the role of the financial system in a modern economy and how technological change and financial innovation can affect social welfare. We then survey the...
Persistent link: https://www.econbiz.de/10012030277
-output framework using Norwegian bank-level panel data. The dual approach with four variable inputs is applied, and the general model … towards electronic payment services has decreased average costs and increased the economies of scale in bank intermediation …
Persistent link: https://www.econbiz.de/10012143594