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This paper shows how price leadership bans imposed, as part of the European Commission's State aid control, on all main mortgage providers but the largest bank shifted the Dutch mortgage market from a competitive to a collusive price leadership equilibrium. In May 2009, mortgage rates in The...
Persistent link: https://www.econbiz.de/10011979609
In this work, we evaluate the competition in the Romanian banking system as regards the distortions in terms of market …) where we analyse the competition on the Romanian banking market, using two indicators: the M index and the degree of the … Romanian banking system during the period 2000 - 2010 and that, in the period under review, the competition has continuously …
Persistent link: https://www.econbiz.de/10010529071
The prolonged crisis exposed the vulnerability of a monetary union without a banking union. The Single Supervisory Mechanism (SSM), which started operating in November 2014, is an essential step towards restoring banks to health and rebuilding trust in the banking system. The ECB is today...
Persistent link: https://www.econbiz.de/10012132825
An extensive empirical literature has documented the positive growth effects of equity market liberalization. However, this line of research ignores the impact of financial integration on a category of firms crucial for economic development, i.e. the small entrepreneurial firms. This paper aims...
Persistent link: https://www.econbiz.de/10011604544
local credit markets. We provide evidence that marginal increases in interbank competition are detrimental to relationship … technologies are al-ready widely in use in the market by a large group of small mutual banks, an increase in competition may drive … banks to further cultivate their extensive ties with customers. -- interbank competition ; market organizational structure …
Persistent link: https://www.econbiz.de/10003979983
Persistent link: https://www.econbiz.de/10011387176
Efficient payment services underpin the smooth operation of the economy. Competition and innovation are key drivers for … determinants that affect pricing, competition and the incentives to innovate in the payment market. While the payment landscape is …
Persistent link: https://www.econbiz.de/10013096211
The three main measures of competition (HHI, Lerner Index, and H-Statistic) are uncorrelated for U.S. banks. We … investigate why this occurs, propose a frontier measure of competition, and apply it to five major bank service lines using data … only available since 2008. Fee-based banking services comprise 35% of bank revenues so assessing competition by service …
Persistent link: https://www.econbiz.de/10013096719
Using bank level measures of competition and co-dependence, we show a robust negative relationship between bank … competition and systemic risk. Whereas much of the extant literature has focused on the relationship between competition and the … find that greater competition encourages banks to take on more diversified risks, making the banking system less fragile to …
Persistent link: https://www.econbiz.de/10013091416
stability channel of bank competition …
Persistent link: https://www.econbiz.de/10013072563