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This paper investigates the degree of bank competition in the euro area, the U.S. and U.K. before and after the recent financial crisis, and revisits the issue whether the introduction of EMU and the euro have had any impact on bank competition. The results suggest that the level of bank...
Persistent link: https://www.econbiz.de/10014399229
There is a concern that the state-dominated, inefficient, and fragile banking systems in many low-income countries, especially in sub-Saharan Africa, are a major hindrance to economic growth. This paper systematically analyzes the impact of the far-reaching banking sector reforms undertaken in...
Persistent link: https://www.econbiz.de/10014402039
This paper provides the first empirical analysis of the cross-country relationship between a direct measure of competitive conduct of financial institutions and banking system fragility. Using the Panzar and Rosse H-Statistic as a measure for competition in 38 countries during 1980-2003, we...
Persistent link: https://www.econbiz.de/10014402240
Lithuania, have prompted concerns about the competitiveness of the Baltic economies, and called into question the sustainability …
Persistent link: https://www.econbiz.de/10014411060
In Italy, price-based competitiveness measures are not always an accurate predictor of trade outcomes. This paper … offers a more comprehensive assessment of Italian competitiveness, focusing on the role of innovation and the evolution of … competitiveness will depend on full implementation of a comprehensive structural-reform agenda …
Persistent link: https://www.econbiz.de/10014411220
competition, spurring firm efficiency and increasing Indian firms'' competitiveness and ability to export. We show that export …
Persistent link: https://www.econbiz.de/10014404025
There is a research tradition in the economics of standards which addresses standards wars, antitrust concerns or positive externalities from standards. Recent research has also dealt with the process characteristics of standardisation, de facto standard-setting consortia and intellectual...
Persistent link: https://www.econbiz.de/10010485390
Persistent link: https://www.econbiz.de/10011913522
Persistent link: https://www.econbiz.de/10015078391
Extreme adverse selection arises when private information has unbounded support, and market breakdown occurs when no trade is the only equilibrium outcome. We study extreme adverse selection via the limit behavior of a financial market as the support of private information converges to an...
Persistent link: https://www.econbiz.de/10003461269