Price and Nonprice Competition in Banking Markets
Author | : John Troy Scott |
Publisher | : |
Total Pages | : 84 |
Release | : 1977 |
Genre | : Bank marketing |
ISBN | : |
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Author | : John Troy Scott |
Publisher | : |
Total Pages | : 84 |
Release | : 1977 |
Genre | : Bank marketing |
ISBN | : |
Author | : Richard Wayne Stolz |
Publisher | : |
Total Pages | : 284 |
Release | : 1975 |
Genre | : Banks and banking |
ISBN | : |
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 | : Mr.Lev Ratnovski |
Publisher | : International Monetary Fund |
Total Pages | : 20 |
Release | : 2013-05-23 |
Genre | : Business & Economics |
ISBN | : 1484354729 |
Traditional bank competition policy seeks to balance efficiency with incentives to take risk. The main tools are rules guiding entry/exit and consolidation of banks. This paper seeks to refine this view in light of recent changes to financial services provision. Modern banking is largely market-based and contestable. Consequently, banks in advanced economies today have structurally low charter values and high incentives to take risk. In such an environment, traditional policies that seek to affect the degree of competition by focusing on market structure (i.e. concentration) may have limited effect. We argue that bank competition policy should be reoriented to deal with the too-big-to-fail (TBTF) problem. It should also focus on the permissible scope of activities rather than on market structure of banks. And following a crisis, competition policy should facilitate resolution by temporarily allowing higher concentration and government control of banks.
Author | : Bharat Narendra Anand |
Publisher | : |
Total Pages | : 60 |
Release | : 2000 |
Genre | : Education, Higher |
ISBN | : |
Previous studies have acknowledged the tradeoff between relationships and competion in financial intermediation. In this paper we explore the structural determinants of this tradeoff in the investment banking market, by deriving it from the underlying relationship technology.
Author | : Jacob Bikker |
Publisher | : Routledge |
Total Pages | : 225 |
Release | : 2014-08-27 |
Genre | : Business & Economics |
ISBN | : 1136013202 |
The 2008 credit crisis started with the failure of one large bank: Lehman Brothers. Since then the focus of both politicians and regulators has been on stabilising the economy and preventing future financial instability. At this juncture, we are at the last stage of future-proofing the financial sector by raising capital requirements and tightening financial regulation. Now the policy agenda needs to concentrate on transforming the banking sector into an engine for growth. Reviving competition in the banking sector after the state interventions of the past years is a key step in this process. This book introduces and explains a relatively new concept in competition measurement: the performance-conduct-structure (PCS) indicator. The key idea behind this measure is that a firm’s efficiency is more highly rewarded in terms of market share and profit, the stronger competitive pressure is. The book begins by explaining the financial market’s fundamental obstacles to competition presenting a brief survey of the complex relationship between financial stability and competition. The theoretical contributions of Hay and Liu and Boone provide the theoretical underpinning for the PCS indicator, while its application to banking and insurance illustrates its empirical qualities. Finally, this book presents a systematic comparison between the results of this approach and (all) existing methods as applied to 46 countries, over the same sample period. This book presents a comprehensive overview of the knowns and unknowns of financial sector competition for commercial and central bankers, policy-makers, supervisors and academics alike.