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given by testing a monopolistic competition model of bank branching behaviour on individual bank data at county level …This paper analyses the relation between competition and concentration in the banking sector. The empirical answer is … among incumbent banks on competition and discuss when, depending on the pre-merger structure of the market and geographic …
Persistent link: https://www.econbiz.de/10008735753
Hundreds of millions of microenterprises in emerging economies face increased competition from the entry and expansion …, neighborhood shops, confront competition from convenience chains (e.g., 7- Eleven) in Mexico. To address the endogeneity in time …
Persistent link: https://www.econbiz.de/10014536676
Spain and some of the Scandinavian countries have recently given to the consumers the possibility to face the spot prices … choose between fixed tariffs and the wholesale prices. The model is calibrated on a real market case - Spain - where since …
Persistent link: https://www.econbiz.de/10011914070
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We examine the stock price reaction of rival firms to privatization announcements to infer information about industry effects of privatization. We find that the rival firms reacted negatively to privatization announcements, thus suggesting that the announcement effects reflect competitive...
Persistent link: https://www.econbiz.de/10011598302
Financial network structure is an important determinant of systemic risk. This paper examines how the U.S. interbank network evolved over a long and important period that included two key events: the founding of the Federal Reserve and the Great Depression. Banks established connections to...
Persistent link: https://www.econbiz.de/10011997897
The Lerner index is widely used to assess firms' market power. However, estimation and interpretation present several challenges, especially for banks, which tend to produce multiple outputs and operate with considerable inefficiency. We estimate Lerner indices for U.S. banks for 2001-18 using...
Persistent link: https://www.econbiz.de/10011998070
framework in which fractional reserve banks emerge in equilibrium, where bank assets are funded with liabilities made demandable … in government money, where the terms of bank deposit contracts are affected by the liquidity insurance available in … financial markets, where banks are subject to runs, and where a central bank has a meaningful role to play, both in terms of …
Persistent link: https://www.econbiz.de/10011780925