Download or read book The Industrial Organization of Banking written by David VanHoose and published by Springer Nature. This book was released on 2022-11-14 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an evaluation of the industrial organization of banking with a focus on the interrelationship among bank behavior, market structure, and regulation. It addresses a wide range of public policy topics, including bank competition and risk, international banking, antitrust issues, and capital regulation. New to this edition, which has been updated throughout, is a broadened consideration of alternative theories of competition among banks, which includes discussions of such issues as the implications of large increases in bank reserve holdings in recent years, effects of nonprice competition through quality rivalry, analysis of mixed market structures involving both large and small banks, and international interactions of banks and policymakers. The intent of the book is to serve as a learning tool and reference for graduate students, academics, bankers, and policymakers seeking to better understand the industrial organization of the banking sector and the effects of banking regulations.
Download or read book The Industrial Organization of Banking written by David VanHoose and published by Springer. This book was released on 2010-02-04 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: The academic literature commonly examines issues relating to bank behavior, market structure, or bank regulation by abstracting from interrelationships among these factors. From a policy perspective, however, these elements of the industrial organization of banking are inextricably linked. The goal of this book is to provide a complete overview, exposition, and evaluation of the interplay among bank behavior, market structure, and regulation. It also considers implications for a variety of public policy issues, including bank competition and risk, market discipline, antitrust issues, capital regulation, and regulatory restructuring. The book can serve as a learning tool and reference for graduate students and academics, as well as bankers and policymakers studying the industrial organization of the banking sector and interested in the impacts of banking regulations.
Download or read book The Industrial Organization of Banking written by David VanHoose and published by Springer Science & Business Media. This book was released on 2009-12-09 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to provide a thoroughly updated overview and evaluation of the industrial organization of banking. It examines the interplay among bank behaviour, market structure, and regulation from the perspective of a variety of public policy issues, including bank competition and risk, market discipline, antitrust issues, and capital regulation. New to this edition are discussions of the economic foundations of international banking, macroprudential regulation, and international coordination of banking policies. The book can serve as a learning tool and reference for graduate students, academics, bankers, and policymakers with interests in the industrial organization of the banking sector and the impacts of banking regulations.
Download or read book Industrial Organization written by S. Rhoades and published by . This book was released on 1997 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Banking Industrial organization of banking written by John O. S. Wilson and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Industrial Organization of Banking written by Doris Neuberger and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical research about structure, conduct and performance in banking markets has developed mostly independently from the microeconomic theory of banking. The present paper reviews the literature by focusing on the links between theoretical and empirical research. It considers basic conditions, variables of market structure, conduct and performance and public policy special to the banking industry. It is shown that the competitive conditions are different in different market segments, and that the trend towards universal banks which are active in different geographic markets gives new challenges to research.
Download or read book Special Issue Studies in the Industrial Organization and Banking and Financial Markets written by William C. Hunter and published by . This book was released on 2003 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Industrial Organization written by John Lipczynski and published by . This book was released on 2017 with total page 912 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrial Organisation: Competition, Strategy, Policy provides a thorough treatment of the core concepts and theories underlying the economics of industrial organization. In this new fifth edition, the authors use an array of empirical examples and case studies to analyse the structure, behaviour and performance of firms and industries.
Download or read book Essays in Industrial Organization and Banking written by Paul Lim and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis contains three chapters exploring topics related to industrial organization and banking. The first chapter studies how banks compete through interest rates and credit rationing in the U.S. mortgage market. I estimate a structural model of bank competition in interest rates and credit rationing using U.S. mortgage data. I use the estimated model to show how banks optimally trade-off interest rates and credit rationing, and illustrate its policy relevance by examining the magnitude and the form of banks' pass through -- to clients -- of a cut in funding costs. I find that banks pass through their lower funding cost by not only cutting interest rates but also relaxing credit rationing. There is substantial heterogeneity in the pass through in both margins and this is mainly explained by heterogeneity in two different types of banks' costs: funding cost of originating mortgages and cost of processing applications. The second chapter surveys recent papers using structural models to study lending markets from an industrial organization perspective. I show that the papers can be divided into two modeling and estimation frameworks: the discrete choice, differentiated product model framework and the search model framework. The discrete choice model framework is based on seminal work by Einav, Jenkins, and Levin (2012) and is used to study how issues related to adverse selection, moral hazard, and market structure affect lending market outcomes. The search model framework, on the other hand, encompasses a variety of approaches focusing on how search frictions affect lending outcomes. I compare and contrast the two different frameworks and also suggest areas for future research. The third chapter studies the factors that drive mortgage securitization in the U.S. I combine a multinomial probit model of mortgage securitization with unique application-level mortgage data to study how loan- and bank-level characteristics affect bank securitization incentives. Overall, I find that lower mortgage quality and higher bank resource constraints lead to higher mortgage securitization by banks.
Download or read book International Networks of Banks and Industry written by Meindert Fennema and published by . This book was released on 1982 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Financial Stability and the Industrial Organization of the Banking System written by Jiahong Gao and published by . This book was released on 2020 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: The focus of my dissertation is to study how the industrial organization of the banking sector affects the risk-taking behavior of financial intermediaries and the degree of instability within the banking system. In the first chapter, I ask whether the notion that market concentration promotes stability survives when the government intervention during a crisis is properly taken into account. To this end, I study suspension policies in an environment without commitment, following Ennis and Keister (2009). When the BA only values the welfare of depositors, the degree of fragility is independent of the competitive structure of the banking system. However, having a BA that puts some weight on the monopolist's welfare can serve as a commitment device in suspending payments earlier to protect bank profits, which reduces fragility under a monopoly. The second chapter investigates how the industrial organization of the banking sector may be associated with different triggers for the system to be unstable. In particular, my analysis is based on a modern version of the Diamond and Dybvig (1983) framework in which a self-fulfilling run occurs at a non-trivial probability and banks lack commitment in determining the structure of liabilities as in Ennis and Keister (2010). I find that the possibility that the monopolistic bank may lose its rents in times of stress encourages it to be relatively illiquid. As a result, a monopoly is more stable (fragile) than perfect competition if the ex-ante probability of a financial crisis is below (above) some threshold. The last chapter examines the effects of bank failures and market concentration on credit market activity across United States. In particular, I employ a recent 17-year panel of all FDIC-insured commercial banks over the period 1994Q3 to 2010Q4 and construct state-specific measures of bank failures and deposit concentration. Using a seemingly unrelated regressions (SUR) model, I find that over the full sample, banks issued less loans if the likelihood of a bank failure in a given state increased. Further, banks in states with higher degrees of concentration also issued less loans. Interestingly, there appears evidence that market concentration serves as a buffer against instability.
Download or read book Industrial Organization of Financial Systems and Strategic Use of Relationship Banking written by Yishay Yafeh and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Using standard Industrial Organization tools, we analyze the relation between competition in arm's length financial markets and the prevalence of close bank-firms ties. We show how the degree of competition between financial intermediaries affects the intensity of relationships between banks and client firms, and explore the idea that investment in bank-firm relationships can be used strategically by incumbent multi-product (universal) banks to limit competition in arm's length markets. The analysis implies that reforms designed to facilitate entry of new intermediaries may actually induce incumbent banks to increase investment in relationship banking, so that regulatory entry barriers are replaced by entry barriers created endogenously, namely, there is quot;path dependencequot; in the market structure of financial systems. This result suggests that increased (potential) competition in the financial services industry will not always destroy bank-firm relationships but, on the contrary, may actually strengthen them.
Download or read book Competition Efficiency and Soundness in Banking written by Klaus Schaeck and published by . This book was released on 2010 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Banking and Industrial Organization written by Anna Trubnikova and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of two essays on industrial organization of the consumer financial industry. The first chapter examines the effect of technology and online services on the consumer banking industry. E-banking has reshaped retail banking as many consumers have switched from branch visits to a convenient and time-saving digital channel. At the same time banks have been closing branches: more than 12% of brick-and-mortar locations disappeared from 2009 to 2018. This paper studies the implications of the e-banking technology and bank branch closures on consumers. I build a discrete choice de- mand model for bank deposits, in which I allow consumers to make choices along two margins: whether or not to adopt e-banking, and also choose the number of online sessions and bank branch visits. The model introduces consumer heterogeneity via taste for banking and allows for flexible substitution patterns across brick-and-mortar and digital channels. I estimate the model using rich microdata on banking patterns, which includes the FDIC Unbanked and Underbanked Survey and comScore data. I find that e-banking and branch banking are substitutes and have an elasticity of substitution of 1.73. Welfare estimates suggest that e-banking is successful in mitigating the negative effects of bank branch closures. In the second chapter we study the role of intermediaries in credit markets and highlight their importance for helping borrowers overcome selection problems and qualify for loans. Our focus is on the Canadian mortgage market. In this market consumers can search for quotes in one of two ways: on their own, or using an intermediary-a mortgage broker. We provide descriptive evidence that borrowers who transact through brokers are different from those who do not. Specifically, we show that broker-users (i) finance larger loans, (ii) are more leveraged and (iii) are less creditworthy.We investigate two explanations for these observations: (i) that brokers steer borrowers towards products that are more profitable for them and (ii) that brokers help borrowers overcome the selection problem by searching over a larger set of lenders. To do so we build and estimate a model of mortgage demand that accounts for and disentangles the explanations for the differences in product choices across origination channels: selection on observables, selection on unobservables, and broker steering. Our findings suggest that both selection and steering are present and play important role in consumer choice of mortgage product.
Download or read book The Theory and Industrial Organization of International Banking written by Ian H. Giddy and published by . This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Topics in Multinational Banking and International Industrial Organization written by Peter Beermann and published by . This book was released on 2007 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Applications of the New Empirical Industrial Organization to Banking and Real Estate Economics written by Yushi Peng and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
