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[EN] Stewart (1994) presents a model of endogenous entry. In his article Stewart proposes the following topic for future research: "An important feature of the model is that entry would be inefficient from the producers' point of view, and therefore never occurs in equilibrium. But in practice...
Persistent link: https://www.econbiz.de/10005187598
share on the efficiency of commercial banks in Indonesia from 2013 to 2017. The results of a panel data analysis of two … have a significant effect on bank efficiency, as confirmed by a fixed-effect regression model. Said model indicates that … efficiency. Likewise, the asset ownership and market share of banks also distinguish their behavior in terms of bank efficiency …
Persistent link: https://www.econbiz.de/10012838001
This paper analyzes the relation between bank mergers and changes in the concentration and efficiency of the Venezuelan … Banking System during the period 1998-2005. Efficiency was estimated through a stochastic cost frontier model. The … that banking mergers did not produce efficiency increases; on the contrary, the merged banks were less efficient than non …
Persistent link: https://www.econbiz.de/10009351112
of like an opportunity, which means to redefine its model of business betting by a greater efficiency. The objective of …
Persistent link: https://www.econbiz.de/10008548972
This paper examines the reaction of the Spanish continuous market to the announcement of securitisation operations by listed banks in the period 1993-2003. Results indicate the existence of positive and significant abnormal returns on the day immediately following the announcement date. The...
Persistent link: https://www.econbiz.de/10005731154
Cuando los países entran en una unión monetaria, se modifica radicalmente el carácter de su deuda soberana: pierden el control de la moneda en que emiten su deuda. Los mercados financieros pueden entonces forzar a los soberanos de estos países a un incumplimiento. En este sentido, estos...
Persistent link: https://www.econbiz.de/10009651967
The exchange markets and the exchange rates of Asia and Latin America are studied econometrically. Endogenous structural change and cointegration analyzes and impulse-response functions are used. The findings indicate that: 1) the long-term timing of the exchange markets is low; 2) there is no...
Persistent link: https://www.econbiz.de/10011995022
El sistema cambiario refleja de alguna manera la estructura económica del país, de allí que la evolución histórica que se hace del mercado cambiario marcha junto a la evolución de la estructura económica venezolana. En este artículo se hace una reseña histórica, dividida en dos...
Persistent link: https://www.econbiz.de/10008514342
El trabajo tiene por objeto el análisis teórico de uno de los principales problemas que ha enfrentado el sistema financiero internacional: la deuda externa. Las dificultades financieras externas, originadas por los elevados montos de endeudamiento, han ocasionado serios obstáculos para el...
Persistent link: https://www.econbiz.de/10008474863
Persistent link: https://www.econbiz.de/10005510144