This paper examines the report produced by the Competition Commission on the provision of SME banking services in the U.K. The report is assessed in terms of underlying assumptions used to describe and assess how banks operate and perform. The Competition Commission suggested “remedies” are...

This study examines the frequency and form of deposit account interest rate change. Specifically the question of whether deposit interest rate change is synchronised with other banks or staggered at periodic intervals is addressed. Overall, evidence consistent with individual banks changing...

This study examines the definition of the UK deposit savings account market. A testing procedure is used to ascertain if the law of one price and the assumption of a unified national market may or may not be rejected The existing UK and European literature on the definition of financial services...

This study explores how price and non-price factors influence the quantity of retail deposits held by depository institutions. Price factors examined include the policy or base rate and retail deposit interest rates set by individual banks, and non-price factors include the branch network and...

The paper quantifies the relative efficiency of the ten privatized water and sewerage companies between 1987 and 1997. A one-component fixed-effects panel data model is used to estimate a cost function from which distribution-free firm-specific estimates of operational cost efficiency are...

We explore the factors that shape the extent and scope of the response of G20 countries to a Financial Stability Board (FSB) recommendation aimed at mitigating the risks from financial innovation. Using a formal content analysis of the FSBÕs Implementation Monitoring Network Surveys, we develop...

This paper presents a review of the extensive literature concerned with estimating production and cost inefficiencies in banks. The meaning of inefficiency in this context is outlined, alternative estimation techniques are summarised and the problems of modelling the activities of banks and...