Showing 1 - 10 of 215
approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure competition …This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This …
Persistent link: https://www.econbiz.de/10011604814
The objective of this paper is to analyze the impact of regulatory and environmental conditions on technical efficiency of European railways. Using a panel data set of 31 railway firms from 22 European countries from 1994 to 2005, a multioutput distance function model, including regulatory and...
Persistent link: https://www.econbiz.de/10010265179
some studies limited, convergence of bank efficiency among countries but on average productivity improvement has been weak … from clear what the "fair value" of a bank should be. This problem may also in part explain the very sharp ups and downs of … bank stocks recently. Concerning theme 2, sources of productivity in financial services, several potentially important …
Persistent link: https://www.econbiz.de/10011689940
Policy makers in Europe have been concerned that lack of product market competition have led productivity to lag behind … the US. Theoretical models are ambiguous about the direction of the effect that product market competition should have on … productivity. On the one hand increasing competition lowers firm's profits and thus reduces incentives to exert effort (the …
Persistent link: https://www.econbiz.de/10010293022
The paper evaluates the political and economic incentives to conclude the EU-Mexico Free Trade Agreement (FTA). It … the EU is likely to gain much more than Mexico. … EU und Mexiko bewertet. Dafür werden die europäische und mexikanische Handelspolitik analysiert und der multilaterale …
Persistent link: https://www.econbiz.de/10010295609
While macroprudential policy has mostly focused on the role of banks, we argue that pension funds are also important for financial stability. Drawing on previous research on pension funds, we explain how their actions can have a vital impact on other financial institutions as well as on...
Persistent link: https://www.econbiz.de/10014334701
We test whether output growth in European economic agglomeration regions depends on financial development. To this end we suggest a relative measure of the quality of financial institutions rather than the usual quantity proxy of financial development. In order to measure the quality of...
Persistent link: https://www.econbiz.de/10010295929
period 1998-2005 and discusses the results from the perspective of corporate bank strategy. Methodologically the existing … concentration of the national financial sector have a considerable impact on a bank's financial performance. Both issues proved to …
Persistent link: https://www.econbiz.de/10010298954
This paper analyses technical efficiency of European banks over the period 1996-2003 with unbalanced panel data techniques. A latent class frontier model is used which allows the identification of different segments in the production frontier. We find that there are three statistically...
Persistent link: https://www.econbiz.de/10010264221
This paper investigates the dynamics of the pass-through between market interest rates and bank interest rates in the … deposits and savings deposits. Bank soundness, credit risk and interest rate risk are found to exert a significant influence on … monetary policy was up (down). Overall, we find that competition among banks and competition from financial markets result in a …
Persistent link: https://www.econbiz.de/10011604760