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Intertemporal shifts in conduct, such as a transition from competitive to anticompetitive behavior, induce shifts in the firms' equilibrium price configurations. Such shifts generate non-stationary price dynamics in addition to those which originate from exogenous fundamentals. We exploit this...
Persistent link: https://www.econbiz.de/10013024684
The paper examines the nexus of foreign ownership and market power in 26 European banking sectors, for the period 1997-2013. The sample comprises 11,761 bank-year estimates of marginal cost and market power, which are then matched with data on the foreign ownership status and presence across all...
Persistent link: https://www.econbiz.de/10014078160
The European market has been served by regulated and licensed e-money tokens (EMTs) since 2019, contradicting the claim that legal clarity is needed for EMTs. Despite the well-functioning e-money legislation, the EU Parliament will vote on a new regulation specifically for EMTs as part of the...
Persistent link: https://www.econbiz.de/10014355286
This paper analyses the concentration of the banking system in Croatia and the impact of concentration on stability of the economic system as a whole over the period since 2002 to 2017. The level of concentration is usually related to the competitiveness of a particular sector, in this case the...
Persistent link: https://www.econbiz.de/10012805968
tortious interference; unfair-competition law; and conversion, trade-secret appropriation, and related theories of theft. The …
Persistent link: https://www.econbiz.de/10013054845
Persistent link: https://www.econbiz.de/10010353764
A model of loan rate competition with liquidity provision by banks is used to study bank mergers. Both loan rate … competition and liquidity needs are seen to be "localised" phenomena. This allows for tracing down the effects of particular types …
Persistent link: https://www.econbiz.de/10013137064
application programming interface (API) standards in banking, and explores the competition problems that they address. It argues … that by fundamentally changing the way that consumers buy and use banking services this represents the development of a … more entrepreneurial approach to remedying malfunctioning markets. It also underlines the importance of competition …
Persistent link: https://www.econbiz.de/10012859332
I investigate whether bank bailouts since the outbreak of the financial crisis affected competition in the European … positive light on European competition policy as banks do not appear to have capitalized on rescue money in terms of market … power. Protecting competition in European banking markets remains a topical policy issue in light of rising levels of market …
Persistent link: https://www.econbiz.de/10013241693
competition and stability in banking. There are two basic channels through which competition may increase instability: by … incentives to take risk and raise failure probabilities. The competition-stability trade-off is characterized and the … implications of the analysis for regulation and competition policy are derived. It is found that optimal regulation may depend on …
Persistent link: https://www.econbiz.de/10003967776