Assessing competition in the European Union banking sector

Bogdan Capraru, Nicoleta-Livia Pintilie

back

References:

[1] Andrie?, A.M. & Capraru, B. (2012). Competition and efficiency in EU27 banking systems. Baltic Journal of Economics, 12, 41-60.

[2] Andrie?, A.M. & Capraru, B. (2014). The nexus between competition and efficiency: the European banking industries experience. International Business Review, 23, 566-579.

[3] Apergis, N., Fafaliou, I., & Polemis, M.L. (2016). New evidence on assessing the level of competition in the European Union banking sector: a panel data approach. International Business Review, 25, 395-407.

[4] Bain, J.S. (1951). Relation of profit rate to industry concentration: American manufacturing, 1936-1940. The Quarterly Journal of Economics, 65, 293-324.

[5] Bain, J.S. (1956). Barriers to new competition: their character and consequences in manufacturing industries. Cambridge: Harvard University Press.

[6] Bain, J.S. (1959). Industrial Organization. New York: Wiley.

[7] Bauer, P. (1990). Recent developments in the econometric estimation of frontiers. Journal of Econometrics, 46, 39-56.

[8] Berger, A.N., (1993). “Distribution free” estimates of efficiency in the US banking industry and tests of the standard distributional assumptions. Journal of Productivity Analysis, 4, 261–292.

[9] Berger, A. N., Klapper, L.F., & Turk-Ariss, R. (2009). Bank competition and financial stability. Journal of Financial Services Research, 21, 99-118.

[10] Berger, A.N. & Mester, L. (1997). Inside the black box: What explains differences in the efficiencies of financial institutions? Journal of Banking and Finance, 21, 895-947. [11] Bikker, J.A., Schaffer, S., & Spierdijk, L. (2012). Assessing competition with the Panzar-Rosse model: the role of scale, costs and equilibrium. The Review of Economics and Statistics, 94, 1025-1044.

[12] Bolt, W. & Humphrey, D. (2010). Bank competition efficiency in Europe: a frontier approach. Journal of Banking and Finance, 34, 1808-1817.

[13] Bolt, W. & Humphrey, D. (2015). Assessing bank competition for consumer loans. Journal of Banking and Finance, 61, 127-141.

[14] Bonaccorsi Di Patta, E., & Dell’Aricca, G. (2004). Bank competition and firm creation. Journal of Money, Credit and Banking, 36, 225–252.

[15] Boone, J. (2008). A new way to measure competition. The Economic Journal, 118, 1245-1261.

[16] Boone, J., Griffith, R., & Harrison, R. (2005). Measuring competition. AIM Research Working Paper Series.

[17] Bresnahan, T. (1982). The oligopoly solution concept is identified. Economics Letters, 10, 87-92.

[18] Carbó, S., Humphrey, D., Maudos, J., & Molyneux, P. (2009). Cross-country comparisons of competition and pricing power in European banking. Journal of International Money and Finance, 28, 115-134. [19] Casu, B., & Girardone, C. (2009). Competition issues in European banking. Journal of Financial Regulation and Compliance, 17, 119-133.

[20] Cetorelli, N. (2001). Competition among banks: good or bad? Economic Perspectives, 25, 38-48.

[21] Cetorelli, N. (2004). Real effects of bank competition. Journal of Money, Credit and Banking, 36, 543-558.

[22] Cetorelli, N., & Strahan, P.E. (2006). Finance as a barrier to entry: bank competition and industry structure in local US banking markets. Journal of Finance, 61, 437–461.

[23] Claessens, S., & Laeven, L. (2004). What drives bank competition? Some international evidence. Journal of Money, Credit and Banking, 36, 563-583.

[24] Clerides, S., Delis, M. D., & Kokas, S. (2015). A new dataset on competition in national banking markets. Financial Markets, Institutions and Instruments, 24, 267-311.

[25] Coccorese, P. (2014). Estimating the Lerner index for the banking industry: a stochastic frontier approach. Applied Financial Economics, 24, 73-88.

[26] Fiordelisi, F. & Salvatore Mare, D. (2014). Competition and financial stability in European cooperative banks. Journal of International Money and Finance, 45, 1-16.

[27] Fu, X., Lin, Y. & Molyneux, P. (2014). Bank competition and financial stability in Asia Pacific. Journal of Banking and Finance, 38, 64–77.

[28] Goddard, J., Molyneux, P., & Wilson, J.O. (2001). European banking: efficiency, technology and growth. New York: Wiley.

[29] Hannah, L. & Kay, J.A. (1977). Concentration in modern industry: theory, measurement and the U.K. experience. London: Palgrave Macmillan UK.

[30] Herfindahl, O. (1950). Concentration in the U.S. steel industry, Dissertation. New York: Columbia University.

[31] Hirschman, A.O. (1945). National power and the structure of foreign trade. California: University of California Press.

[32] Huang, T.H., Chiang D.L., & Chao, S.W. (2017). A new approach to jointly estimating the Lerner index and cost efficiency for multi-output banks under a stochastic meta-frontier framework. The Quarterly Review of Economics and Finance, 65, 212-226.

[33] Iwata, G. (1974). Measurement of conjectural variations in oligopoly. Econometrica, 42, 947-966.

[34] Keeley, M.C. (1990). Deposit insurance, risk and market power in banking. American Economic Review, 80, 1183-1200.

[35] Lapteacru, I. (2014). Do more competitive banks have less market power? The evidence from Central and Eastern Europe. Journal of International Money and Finance, 46, 41-60.

[36] Lapteacru, I. & Lahet, D. (2014). Efficience et pouvoir de marché des banques en Thaïlande suite aux crises financières. Revue économique, 65, 675-698.

[37] Lau, L. (1982). On identifying the degree of competitiveness from industry price and output data. Economics Letters, 10, 93–99.

[38] Leightner, J.E. & Lovell, C.K. (1998). The impact of financial liberalization on the performance of Thai banks. Journal of Economics and Business, 17, 115-131.

[39] Lerner, A. P. (1934). The concept of monopoly and the measurement of monopoly. Review of Economic Studies, 1, 157-175.

[40] Liu, G., Mirzaei, A., & Vandoros, S. (2014). The impact of bank competition and concentration on industrial growth. Economic Letters, 124, 60-63.

[41] Mason, E. S. (1939). Price and production policies of large-scale enterprise. American Economic Review, 29, 61-74.

[42] Mason, E. S. (1949). The current status of the monopoly power in the United States. Harvard Law Review, 62, 1265-1285.

[43] Mitchell, K., & Onvural, N.M. (1996). Economies of scale and scope at large commercial banks: evidence from the Fourier flexible functional form, Journal of Money, Credit and Banking, 28, 178-199.

[44] Okuda, H., & Rungsomboon, S. 2006. Comparative cost study of foreign and Thai domestic banks in 1990–2002: its policy implications for a desirable banking industry structure. Journal of Asian Economics, 17, 714-737.

[45] Panzar, J., & Rosse, J. (1987). Testing for "monopoly" equilibrium. Journal of Industrial Economic, 35, 443-456.

[46] Schaeck, K., Cihák, M. & Wolfe, S. (2009). Are competitive banking systems more stable? The Journal of Money, Credit and Banking, 41,711-734.

[47] Van Leuvensteijn, M., Bikker, J.A., van Rixtel, A.R., & Sørensen, C.K. (2011). A new approach to measuring competition in the loan markets of the euro area. Applied Economics, 43, 3155-3167.

[48] Xu, B., Van Rixtel, A., & Van Leuvensteijn, M. (2013). Measuring bank competition in China: a comparison of new versus conventional approaches applied to loan markets. BIS Working Papers, 422, 1–68

 

Copyright © 2009 | All rights reserved