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that market power had a positive impact and market concentration a negative impact on bank efficiency. Market power is used …. This study compares the impact of changing market concentration and power on the efficiency of the major banks in both the … countries, using stochastic frontier analysis. A significant impact of GFC is observed on market power, concentration, and bank …
Persistent link: https://www.econbiz.de/10012928215
A non-parametric approach is used to examine the effects of globalization and deregulation on the efficiency and … efficient than small banks for most efficiency indices in both years. However, despite globalization, deregulation, and the … gains in technology and productivity, there was a decrease in overall efficiency for both large and small banks in 2003 …
Persistent link: https://www.econbiz.de/10013148964
We develop a novel unified econometric methodology for the formal examination of the market power -- cost efficiency … nexus. Our approach can meaningfully accommodate a mutually dependent relationship between the firm's cost efficiency and …'s market power and efficiency as well as allows for different hierarchical orderings between the two, enabling us to …
Persistent link: https://www.econbiz.de/10012922132
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Persistent link: https://www.econbiz.de/10011308961
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reverse the bank regulation rules that were put in place following the GFC; last time, President Clinton repealed the Glass …
Persistent link: https://www.econbiz.de/10012890522
In the wake of the global financial crisis that erupted in 2008, there has been extensive commentary and regulatory focus on the 'Too Big to Fail' issue. In this paper, we survey the proposed solutions and regulatory initiatives that have been undertaken. We conduct a longitudinal analysis of...
Persistent link: https://www.econbiz.de/10012022346
We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that alter the perception of market risk and hit financial...
Persistent link: https://www.econbiz.de/10003973320
Since the 2007–08 financial crisis, global regulators have engaged in a lengthy struggle to reshape the international financial system to make it more resilient under stress. The purpose of this paper is to evaluate two recent and transformative proposals: the “Foreign Banking...
Persistent link: https://www.econbiz.de/10013046951