Traditionally, financial systems have been bank-based or market-based. The efficiency properties of these systems are …, and law, finance and politics. Both systems have advantages and disadvantages. With regard to stability, both bank …

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 …

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 …

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 …

Der vorliegende Band enthält die überarbeiteten Beiträge zur Jahrestagung der Arbeitsgruppe Wettbewerb des … internationalen Wettbewerb ausgesetzter Kapitalmärkte eine grenzüberschreitende Wertpapieraufsicht notwendig ist. Daß der Markt für … Finanzdienstleister im Wettbewerb erfüllen müssen. Bernhard Hafner (Allgemeine Deutsche Direktbank AG) schildert seine Erfahrungen beim …

In dieser Studie wird die gesamtwirtschaftliche Lage in Belarus behandelt. Der belarussische Finanzsektor wird …

Germany's capital market relies on bank-intermediated products and not so much on capital market processes. Two of the … public guarantees. In the financing of firms, bank credits are far more important relative to market products - equity and …

(Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …