Monopoly And Competition In Banking
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Author | : David A. Alhadeff |
Publisher | : Univ of California Press |
Total Pages | : 268 |
Release | : 2023-11-10 |
Genre | : Business & Economics |
ISBN | : 0520345541 |
This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1954.
Author | : Mark Toma |
Publisher | : Cambridge University Press |
Total Pages | : 148 |
Release | : 1997-05-08 |
Genre | : Business & Economics |
ISBN | : 0521562589 |
This book emphasizes the evolution of the Federal Reserve from a competitive to a monopolistic structure.
Author | : Mr. Itai Agur |
Publisher | : International Monetary Fund |
Total Pages | : 55 |
Release | : 2023-06-09 |
Genre | : Business & Economics |
ISBN | : |
Lenders can exploit households' payment data to infer their creditworthiness. When households value privacy, they then face a tradeoff between protecting such privacy and credit conditions. We study how the introduction of an informationally more intrusive digital payment vehicle affects households' cash use, credit access, and welfare. A tech monopolist controls the intrusiveness of the new payment method and manipulates information asymmetries among households and oligopolistic banks to extract data contracts that are more lucrative than lending on its own. The laissez-faire equilibrium entails a digital payment vehicle that is more intrusive than socially optimal, providing a rationale for regulation.
Author | : Edward J. Stevens |
Publisher | : |
Total Pages | : 24 |
Release | : 1998 |
Genre | : Nonpar banking |
ISBN | : |
Author | : Mr.Bruce D. Smith |
Publisher | : International Monetary Fund |
Total Pages | : 40 |
Release | : 2003-09-01 |
Genre | : Business & Economics |
ISBN | : 1451859589 |
We study a monetary, general equilibrium economy in which banks exist because they provide intertemporal insurance to risk-averse depositors. A "banking crisis" is defined as a case in which banks exhaust their reserve assets. Under different model specifications, the banking industry is either a monopoly bank or a competitive banking industry. If the nominal rate of interest (rate of inflation) is below (above) some threshold, a monopolistic banking system will always result in a higher (lower) crisis probability. Thus, the relative crisis probabilities under the two banking systems cannot be determined independently of the conduct of monetary policy. We further show that the probability of a "costly banking crisis" is always higher under competition than under monopoly. However, this apparent advantage of the monopoly bank is due strictly to the fact that it provides relatively less valuable intertemporal insurance. These theoretical results suggest that banking system structure may matter for financial stability.
Author | : John H. Boyd |
Publisher | : |
Total Pages | : 39 |
Release | : 2008 |
Genre | : |
ISBN | : |
We study a monetary, general equilibrium economy in which banks exist because they provide intertemporal insurance to risk-averse depositors. A quot;banking crisisquot; is defined as a case in which banks exhaust their reserve assets. Under different model specifications, the banking industry is either a monopoly bank or a competitive banking industry. If the nominal rate of interest (rate of inflation) is below (above) some threshold, a monopolistic banking system will always result in a higher (lower) crisis probability. Thus, the relative crisis probabilities under the two banking systems cannot be determined independently of the conduct of monetary policy. We further show that the probability of a quot;costly banking crisisquot; is always higher under competition than under monopoly. However, this apparent advantage of the monopoly bank is due strictly to the fact that it provides relatively less valuable intertemporal insurance. These theoretical results suggest that banking system structure may matter for financial stability.
Author | : Franklin R. Edwards |
Publisher | : |
Total Pages | : 154 |
Release | : 1964 |
Genre | : Balance of payments |
ISBN | : |
Author | : Jukka Vesala |
Publisher | : |
Total Pages | : 212 |
Release | : 1995 |
Genre | : Bank loans |
ISBN | : |
An empirical analysis of competition in the Finnish banking industry since deregulation in the mid-1980s.
Author | : Gaston Gelos |
Publisher | : International Monetary Fund |
Total Pages | : 36 |
Release | : 2002-11 |
Genre | : Business & Economics |
ISBN | : |
This paper examines the evolution of market structure in emerging market banking systems during the 1990s. While significant bank consolidation has been taking place in these countries, reflected in a sharp decline in the number of banks, this process has not systematically been associated with increased concentration as measured by standard indices. Moreover, econometric estimates based on the Panzar-Rosse (1987) methodology suggest that, overall, markets have not become less competitive in a sample of eight European and Latin American countries. Lowering barriers to entry, by doing such things as allowing increased participation of foreign banks, appears to have prevented a decline in competitive pressures associated with consolidation.
Author | : Mr.Yu Sun |
Publisher | : International Monetary Fund |
Total Pages | : 27 |
Release | : 2011-06-01 |
Genre | : Business & Economics |
ISBN | : 1455268488 |
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 competition converged across euro area countries in the wake of the EMU. The recent global financial crisis led to a fall in competition in several countries and especially where large credit and housing booms had preceded the crisis..