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The conventional paradigm about development banks is that these institutions exist to target well-identified market failures. However, market failures are not directly observable and can only be ascertained with a suitable learning process. Hence, the question is how do the policymakers know...
Persistent link: https://www.econbiz.de/10012098060
The Italian and German banking systems shared similar characteristics early in the 1990s but have evolved in different directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state-owned savings banks. Contemporaneously, banks in both...
Persistent link: https://www.econbiz.de/10010298779
across states than banks that do not face such risks following branching deregulation in the United States during the 1990s …
Persistent link: https://www.econbiz.de/10012057045
across states than banks that do not face such risks following branching deregulation in the United States during the 1990s …
Persistent link: https://www.econbiz.de/10012064312
deregulation and harmonisation of banking laws at the EU level has brought about on growth over the last 40 years. Our main …
Persistent link: https://www.econbiz.de/10009635911
This paper explores the transmission of non-capital shocks through banking networks. We develop a methodology to construct non-capital (idiosyncratic) shocks, using labor productivity shocks to large firms. We document a change in the relationship between foreign idiosyncratic shocks and...
Persistent link: https://www.econbiz.de/10013396518
This study considers the efficiency of banking in Australia during the post-deregulation period 1988-2001. Since 1986 … banks have used size as a barrier to entry to the new entrants in the post-deregulation period. Furthermore, bank efficiency … seems to have increased post-deregulation and the competition resulting from diversity in bank types was important to prompt …
Persistent link: https://www.econbiz.de/10010315740
The policy debate on whether to strengthen or to remove the legal barriers between banking and commerce has paid little attention to what the practical effects of removing the barriers would be. To help answer this question, this article, the first part of a two-part study, provides an overview...
Persistent link: https://www.econbiz.de/10003847359
In the first part (in the previous issue of Economic Review) of this two-part study, the authors identified a number of possible benefits from combining banking and commerce, including portfolio diversification, the creation of internal capital markets, and economies of scale and scope. This...
Persistent link: https://www.econbiz.de/10003847363
The era of US state branching deregulation started in 1970 and ended up with the enactment of the Riegle Neal Act of … influence of the state deregulation on commercial banks’ efficiency within the US. We calculate an indicator of bank efficiency … branching law deregulation on bank’s efficiency. The analysis is complemented with a failure prediction model using these DEA …
Persistent link: https://www.econbiz.de/10003974707