Download or read book Monopoly and Competition in Banking written by David A. Alhadeff and published by Univ of California Press. This book was released on 2023-11-10 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Competition and Monopoly in the Federal Reserve System 1914 1951 written by Mark Toma and published by Cambridge University Press. This book was released on 1997-05-08 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book emphasizes the evolution of the Federal Reserve from a competitive to a monopolistic structure.
Download or read book Bank Competition and Household Privacy in a Digital Payment Monopoly written by Mr. Itai Agur and published by International Monetary Fund. This book was released on 2023-06-09 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Non par Banking written by Edward J. Stevens and published by . This book was released on 1998 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Competition and Monopoly in the Federal Reserve System 1914 1951 written by Mark Toma and published by Cambridge University Press. This book was released on 2005-11-03 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many economists view competition among central banks as leading to an over-issue of money. This book challenges the conventional wisdom by showing that competition among Federal Reserve banks in the 1920s did not result in an over-issue problem. The US Congress imposed a more monopolistic structure on the Fed in the mid-1930s so that it could accomodate an increase in the revenue needs of the Treasury. This book is unique in emphasizing the evolution of the Fed's structure from a highly competitive one to a highly monopolistic one.
Download or read book Crisis in Competitive Versus Monopolistic Banking Systems written by Mr.Bruce D. Smith and published by International Monetary Fund. This book was released on 2003-09-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Consolidation and Market Structure in Emerging Market Banking Systems written by Gaston Gelos and published by International Monetary Fund. This book was released on 2002 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Concentration and Competition in Nigerian Banking Industry written by Folorunsho Ajide and published by . This book was released on 2015 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: A competitive market is considered an ideal form of market while the concept of monopolistic competition is more realistic than perfect competition and pure monopoly. The study reviewed the extent of competitive condition of Nigerian banking sector for the period of 1986-2012. This period corresponds to a period characterized by substantial reform to restructure and consolidate the banking sector into a market-driven based economy, and to further liberalize and deregulate sufficiently the systems in order to integrate economically with the international financial market. With the adoption of concentration approach (Concentration ratio and Herfindahl-Herschman index - HHI), we discovered that the competitive behaviour of banks is not only related to the number of banks in a market or to their concentration but also related to other factors at work. Hence, the industry is heading towards monopolistic competitive condition. In our opinion, the more efficiency gains of bank competition could be realized if there is an even distribution of market share in the banking industry as opposed to the present situation where majorly three banks dominate and take the larger market share in the industry. This will help to improve the efficiency required to create a fully functional credit system as well as strengthen the effectiveness of monetary policy.
Download or read book Concentration and Competition in Commercial Banking written by Franklin R. Edwards and published by . This book was released on 1964 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Testing for Competition in Banking written by Jukka Vesala and published by . This book was released on 1995 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: An empirical analysis of competition in the Finnish banking industry since deregulation in the mid-1980s.
Download or read book Studies in Banking Theory Financial History and Vertical Control written by M.L. Burstein and published by Springer. This book was released on 1988-06-18 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: These essays span the author's thirty years in professional economics. Fundamental papers on vertical (industrial) control, property rights, approaches to market behaviour, macroeconomic dynamics and the paper-money systems of 18th century British North America are revised and reappraised.
Download or read book Monopoly creating Bank Consolidation written by Charles W. Calomiris and published by . This book was released on 2005 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The merger of Fleet and BankBoston in September 1999 resulted in a regional New England lending market in which only one large, universal bank remained. We explore the extent to which that merger resulted in monopoly rents for the combined entity in some niches within the regional loan market. For small- and medium-sized middle-market borrowers, prior to the merger, Fleet and BankBoston charged unusually low loan interest rates, reflecting their ability to realize economies of scope and scale. After the merger, those cost savings were no longer passed on to medium-sized middle-market borrowers, which resulted in an increase in the average interest rate credit spreads to those borrowers of roughly one percent. Small-sized middle-market borrowers (which continued to enjoy the advantage of loan market competition from remaining small banks) maintained their low spreads. Our results suggest that it may be desirable for regulators to consider the concentration in lending markets in addition to deposit markets when evaluating mergers and structuring appropriate divestiture requirements.
Download or read book Crises in Competitive Versus Monopolistic Banking Systems written by John H. Boyd and published by . This book was released on 2008 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Competitive Impact of the Omnibus Banking Bill written by United States. Congress. House. Committee on the Judiciary. Subcommittee on Monopolies and Commercial Law and published by . This book was released on 1989 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Recent Developments in European Bank Competition written by Mr.Yu Sun and published by International Monetary Fund. This book was released on 2011-06-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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..
Download or read book Thoughts on Entry Regulation Financial Market Competition and Financial Crisis written by Sven Lilienthal and published by GRIN Verlag. This book was released on 2009-03-24 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2009 in the subject Business economics - Economic Policy, grade: 1,0, University of Frankfurt (Main), course: Financial Regulation, language: English, abstract: This paper deals with the terms entry regulation, financial market competition and also indicates connections to potential financial crises. Authors in research have been attempting for years to build up a remedy for an optimal set-up.1 So, this is the reason I observe a seemingly never-ending discussion between two unofficial parties: Neither the proponents of the concentration-stability view, neither those of the concentration-fragility view will retreat from how to install proper competition in order to ensure stability. This paper also aims to understand the terms of both parties; their arguments and whether either monopolistic structures or competition are desirable in the financial industry. Therefore, I lay the theoretical foundation. I demonstrate with a model of the authors Boyd & De Nicoló that even economies with monopolistic structure are exposed to risk-taking activities – and not only banks in competitive industries. In chapter 3, I turn to the topic “Entry Regulation”. I unveil different yardsticks of entry regulation, reveal some advantages and draw up my own index. I show that mainly countries that suffered devastating crises in recent times have stringent entry regulation. This can be shown by regarding their high capital requirements or their barriers for submitting information of managers, future plans or composition of shareholders. I also show that entry regulation is an appropriate means for governments to control or to curb competition. In the last chapter, it is also shown that high entry capital requirements prevent mainly weak or inefficient banks from entry. In chapter 4, I present two ratios for assessing competition: The concentration ratio (CR) and H-Statistics (H). CR is widely used in literature and defines the market share of the largest banks in a country. By presenting CR, I also turn back to the argument between the concentration-stability and concentration-fragility views. Moreover, I do my part to debilitate the somewhat misleading statement that the European banking market is in a phase of consolidation and concentration. I do this by revealing that the concentration ratio slightly decreased in a time span of four years during the current decade. H-Statistics is a ratio to find out more about the ferocity and contestability of a market and how market participants react to changes in output prices. I show that there is, maybe surprisingly, no strict correlation between CR and H-Statistics. [...]
Download or read book Corporate Financing and Governance in Japan written by Takeo Hoshi and published by MIT Press. This book was released on 2004-01-31 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from its nineteenth-century beginnings through the collapse of the 1990s that concluded with sweeping reforms. Combining financial theory with new data and original case studies, they show why the Japanese financial system developed as it did and how its history affects its ongoing evolution. The authors describe four major periods within Japan's financial history and speculate on the fifth, into which Japan is now moving. Throughout, they focus on four questions: How do households hold their savings? How is business financing provided? What range of services do banks provide? And what is the nature and extent of bank involvement in the management of firms? The answers provide a framework for analyzing the history of the past 150 years, as well as implications of the just-completed reforms known as the "Japanese Big Bang." Hoshi and Kashyap show that the largely successful era of bank dominance in postwar Japan is over, largely because deregulation has exposed the banks to competition from capital markets and foreign competitors. The banks are destined to shrink as households change their savings patterns and their customers continue to migrate to new funding sources. Securities markets are set to re-emerge as central to corporate finance and governance.
