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Author : Timothy H. Hannan
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.E/5 ( download)
Download or read book The Competitive Implications of Multimarket Bank Branching written by Timothy H. Hannan and published by . This book was released on 2001 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Andrew Cohen
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.E/5 ( download)
Download or read book Competition, Product Differentiation and Quality Provision written by Andrew Cohen and published by . This book was released on 2004 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: "We analyze the effects of market structure on the branching decisions of three types of depository institution: multimarket banks, single-market banks, and thrift institutions. We argue that additional branches increase quality for an institution's consumers, and examine the interaction between market structure and this particular measure of quality. We account for endogenous market structure using an equilibrium structural model, which corrects for bias caused by correlation in the unobservables that may drive entry and branching activity. We estimate the model using data from over 1,750 concentrated rural markets. Our results demonstrate the importance of product differentiation, as competition from multimarket banks is associated with denser branch networks for all types of firm while the opposite correlation holds when competitors are single-market banks or thrifts"--Abstract.
Author : Andrew Cohen
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (611 download)
Download or read book Competition, Product Differentiation and Quality Provision written by Andrew Cohen and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "We analyze the effects of market structure on the branching decisions of three types of depository institution: multimarket banks, single-market banks, and thrift institutions. We argue that additional branches increase quality for an institution's consumers, and examine the interaction between market structure and this particular measure of quality. We account for endogenous market structure using an equilibrium structural model, which corrects for bias caused by correlation in the unobservables that may drive entry and branching activity. We estimate the model using data from over 1,750 concentrated rural markets. Our results demonstrate the importance of product differentiation, as competition from multimarket banks is associated with denser branch networks for all types of firm while the opposite correlation holds when competitors are single-market banks or thrifts"--Federal Reserve Board web site.
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions
Publisher :
ISBN 13 :
Total Pages : 552 pages
Book Rating : 4.F/5 ( download)
Download or read book Compendium of Issues Relating to Branching by Financial Institutions written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions and published by . This book was released on 1976 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gary Whalen
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (318 download)
Download or read book Interstate Banking, Branching, Organization Size, and Market Rivalry written by Gary Whalen and published by . This book was released on 2000 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Allen N. Berger
Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (129 download)
Download or read book The Effects of Competition from Large, Multimarket Firms on the Performance of Small, Single-Market Firms written by Allen N. Berger and published by . This book was released on 2008 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: We offer and test two competing hypotheses for the consolidation trend in banking using U.S. banking industry data over the period 1982-2000. Under the efficiency hypothesis, technological progress improved the performance of large, multimarket firms relative to small, single-market firms, whereas under the hubris hypothesis, consolidation was largely driven by corporate hubris. Our results are consistent with an empirical dominance of the efficiency hypothesis over the hubris hypothesis on net, technological progress allowed large, multimarket banks to compete more effectively against small, single-market banks in the 1990s than in the 1980s. We also isolate the extent to which technological progress occurred through scale versus geographic effects and how they affected the performance of small, single-market banks through revenues versus costs. The results may shedlight as well on some of the research and policy issues related to community banking, and on the question of how community banks should be defined.
Author : Allen N. Berger
Publisher : Oxford University Press, USA
ISBN 13 : 0198824637
Total Pages : 1309 pages
Book Rating : 4.1/5 (988 download)
Download or read book The Oxford Handbook of Banking written by Allen N. Berger and published by Oxford University Press, USA. This book was released on 2019-10 with total page 1309 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of Banking provides an overview and analysis of state-of-the-art research in banking written by leading researchers in the field. This Handbook will appeal to graduate students of economics, banking and finance, academics, practitioners and policy makers. Consequently, the book strikes a balance between abstract theory, empirical analysis, and practitioner and policy-related material. The handbook is split into five parts. Part I, The Theory of Banking, examines the role of banks in the wider financial system, why banks exist, how they function, and their legal and governance structures. Part II entitled Regulatory and Policy Perspectives discusses monetary policy, prudential regulation and supervision, and antitrust policy. Part III of the book deals with bank performance. A number of issues are assessed including efficiency, financial innovation and technological change, globalization and ability to deliver small business, consumer, and mortgage lending services. Part IV of the book provides an overview of macroeconomic perspectives in banking. This part of the book includes a discussion of the determinants of bank failures and crises, and the impact on financial stability, institutional development, and economic growth. Part V examines International Differences In Banking Structures And Environments. This part of the handbook examines banking systems in the United States, Western Europe, Transition countries, Latin America, Japan and the Developing nations of Asia.
Author : Peter C. Carstensen
Publisher : Edward Elgar Publishing
ISBN 13 : 184844382X
Total Pages : 265 pages
Book Rating : 4.8/5 (484 download)
Download or read book Competition Policy and Merger Analysis in Deregulated and Newly Competitive Industries written by Peter C. Carstensen and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The thorough analyses presented in the book provide the reader with a good overview of the deregulation process in the respective industries. . . Competition Policy and Merger Analysis in Deregulated and Newly Competitive Industries is a valuable resource for researchers of law, economics, and political science. . . Volker Soyez, European Competition Law Review This comprehensive book contains case studies on the evolution of competition policy, with an emphasis on merger policy, for seven major US industries that have experienced substantial deregulation in the past forty years electricity, natural gas, telecommunications, railroads, airlines, hospitals and banking. Also included is a comparison of the EU s experience in attempting to bring about competition in the energy, finance, and airline industries. The contributors to the volume, each a recognized expert on the industry examined, explore the positive and negative implications of the substitution of market-oriented processes for historic patterns of command and control regulation. The chapters reveal clear similarities in the economic, legal and public policy issues that have arisen following deregulation of these economic sectors. Together they provide a good basis to discern the consistency of the problems and the relative success of differing responses to these issues over a range of industries going through similar transformation. While taking a basically positive view of the movement away from direct regulation, the contributors identify a number of continuing problems with achieving workable competition in these industries. The thorough analyses presented here will be of great value to law, economics, and political science researchers interested in deregulation, economic consultants advising government agencies or private parties, attorneys who focus on deregulated industries, policy planners at the agencies overseeing these industries, and students in advanced seminars on economic regulation.
Author : Xavier Vives
Publisher : Princeton University Press
ISBN 13 : 0691210039
Total Pages : 344 pages
Book Rating : 4.6/5 (912 download)
Download or read book Competition and Stability in Banking written by Xavier Vives and published by Princeton University Press. This book was released on 2020-11-03 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: A distinguished economist examines competition, regulation, and stability in today's global banks Does too much competition in banking hurt society? What policies can best protect and stabilize banking without stifling it? Institutional responses to such questions have evolved over time, from interventionist regulatory control after the Great Depression to the liberalization policies that started in the United States in the 1970s. The global financial crisis of 2007–2009, which originated from an oversupply of credit, once again raised questions about excessive banking competition and what should be done about it. Competition and Stability in Banking addresses the critical relationships between competition, regulation, and stability, and the implications of coordinating banking regulations with competition policies. Xavier Vives argues that while competition is not responsible for fragility in banking, there are trade-offs between competition and stability. Well-designed regulations would alleviate these trade-offs but not eliminate them, and the specificity of competition in banking should be accounted for. Vives argues that regulation and competition policy should be coordinated, with tighter prudential requirements in more competitive situations, but he also shows that supervisory and competition authorities should stand separate from each other, each pursuing its own objective. Vives reviews the theory and empirics of banking competition, drawing on up-to-date analysis that incorporates the characteristics of modern market-based banking, and he looks at regulation, competition policies, and crisis interventions in Europe and the United States, as well as in emerging economies. Focusing on why banking competition policies are necessary, Competition and Stability in Banking examines regulation's impact on the industry's efficiency and effectiveness.
Author : Anjan V. Thakor
Publisher : Elsevier
ISBN 13 : 0080559921
Total Pages : 605 pages
Book Rating : 4.0/5 (85 download)
Download or read book Handbook of Financial Intermediation and Banking written by Anjan V. Thakor and published by Elsevier. This book was released on 2008-07-07 with total page 605 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth of financial intermediation research has yielded a host of questions that have pushed "design" issues to the fore even as the boundary between financial intermediation and corporate finance has blurred. This volume presents review articles on six major topics that are connected by information-theoretic tools and characterized by valuable perspectives and important questions for future research. Touching upon a wide range of issues pertaining to the designs of securities, institutions, trading mechanisms and markets, industry structure, and regulation, this volume will encourage bold new efforts to shape financial intermediaries in the future. - Original review articles offer valuable perspectives on research issues appearing in top journals - Twenty articles are grouped by six major topics, together defining the leading research edge of financial intermediation - Corporate finance researchers will find affinities in the tools, methods, and conclusions featured in these articles
Author : Gary Whalen
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (2 download)
Download or read book Interstate Banking, Branching, Organization Size, and Market Rivalry written by Gary Whalen and published by . This book was released on 2000 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The 1994 Reigle-Neal Act gave multistate bank holding companies the option to convert to an interstate branch bank structure by authorizing the merger of bank subsidiaries across state lines. Over the following five year period, an increasing number of banking companies, including a number of very large ones, have done so. As a result, large companies operating through interstate branches have come to account for a significant share of deposits in many local markets and relatively little research has focused specifically on the competitive effects of this trend. This is a potentially important issue because the performance and competitive effects of large, multistate branch banks could differ from those associated with the operation of separately incorporated bank subsidiaries by multibank holding companies. In this study, measures of competitive rivalry are constructed using Summary of Deposit data for all urban (MSA) markets in the U.S. for each year over the 1995-1999 period. Tobit models are estimated using the data pooled over the entire period to determine whether and how alternative measures of the extent to which multistate banking companies operate in the market influence the rivalry variables. The aim of the analysis is to determine if the results are sensitive to the size of multistate companies, the location of the market (home state vs. out-of-state), or the organizational form used by nonlocal competitors (interstate branches vs. bank subsidiaries). The results show a positive relationship between large multistate multibank holding company (MSMBHC) deposit share and rivalry when a simple linear specification is used. Adding a concentration-MSMBHC share interaction term to the equation reveals that the positive effect of MSMBHC share on rivalry rises with market concentration. This result is largely attributable to the behavior of MSMBHCs operating outside their home state. When the separate effects of interstate branches and out-of-state bank subs are examined, only the former is found to be significantly related to rivalry. And in these equations, the pattern of the estimated coefficients on the aggregate interstate branch deposit share variables is the same as that seen in the other equations (a positive coefficient in the absence of the interaction term, and a positive coefficient on the interaction term when it is included). These results do not change, and in fact, are typically stronger when the deposit shares are calculated using only large multistate holding companies. They also do not change greatly when markets where the identity of the top-tier firms changed are excluded or when random-effects Tobit specifications are used"--Office of the Comptroller of the Currency web site.
Author : Yoon Hae Oh
Publisher :
ISBN 13 :
Total Pages : 102 pages
Book Rating : 4.:/5 (815 download)
Download or read book Essays on Spatial Competition and Collusion in the Bank Deposit Market written by Yoon Hae Oh and published by . This book was released on 2012 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The market structure in the U.S. banking industry has continuously changed with several events such as the removal of regulation, appearance of multi-state bank, entry of newly chartered banks, and various branching activities of banks. This dissertation examines how the changes in the market structure alter the spatial competition and collusion amongst banks in setting deposit interest rates. The first essay investigates the impact of the deregulation of branching activities on the degree of tacit collusion among the local banks. The empirical framework adapts a theoretical model of oligopolistic spatial competition in the bank deposit market proposed by Barros (1999). In this model, the degree of cooperation among local competing banks is represented by the spatial interdependency in deposit pricing. The essay proposes a general framework for identifying differences in collusive behavior between markets using a higher order spatial autoregressive model. With this approach, the regression results show that when states allow intrastate branching only by means of mergers, the collusive behavior of local banks rises significantly. Meanwhile, after the deregulation allowing full statewide branching and after the passage of the Riegle-Neal Interstate Banking and Branch Efficiency Act in 1994, the collusive behavior diminishes in the short run but returns to its previous level in the long-run. The second essay focuses on the two main events as a consequence of the Riegle-Neal Act: the appearance of large multi-state banks and the entry of newly chartered banks. The paper examines the response of small incumbent banks to these events. Specific samples from 1996 to 2004 were selected as such events occurred actively in this period. The empirical framework is similar to that used in the first essay. The appearance of large multi-state firms has negative effect on local bank's collusion behavior, both in the short-run and long-run. Similarly, the entry of newly chartered banks has competitive effect. The incumbent banks react competitively rather than cooperatively on the entry of a new bank. The third essay examines small banks' response in deposit interest rates and service fees on deposit accounts to the branching activities of other banks. The existing literature has faced difficulties in predicting how mergers and branching activity by large multi-market banks impact the deposit prices of competing banks. In this study, small banks' deposit interest rates and service fees in U.S. metropolitan areas from 2004 to 2006 are examined using an unbalanced panel regression analysis. Banks respond to competitors' branching activities differently according to the types of merger and the types of rival banks. The regression results show that a branch opening by an acquiring multi-market bank after a merger has negative impact on the deposit interest rates of neighboring single-market banks. Single-market banks set higher deposit rates after a merger between other single market banks.
Author : David VanHoose
Publisher : Springer Science & Business Media
ISBN 13 : 3642028217
Total Pages : 258 pages
Book Rating : 4.6/5 (42 download)
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.
Author : Jacob A. Bikker
Publisher : Edward Elgar Publishing
ISBN 13 : 1785363301
Total Pages : 425 pages
Book Rating : 4.7/5 (853 download)
Download or read book Handbook of Competition in Banking and Finance written by Jacob A. Bikker and published by Edward Elgar Publishing. This book was released on 2017-09-29 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: For academics, regulators and policymaker alike, it is crucial to measure financial sector competition by means of reliable, well-established methods. However, this is easier said than done. The goal of this Handbook is to provide a collection of state-of-the-art chapters to address this issue. The book consists of four parts, the first of which discusses the characteristics of various measures of financial sector competition. The second part includes several empirical studies on the level of, and trends in, competition across countries. The third part deals with the spillovers of market power to other sectors and the economy as a whole. Finally, the fourth part considers competition in banking submarkets and subsectors.
Author : Timothy H. Hannan
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.E/5 ( download)
Download or read book The Profitability of Small, Single-market Banks in an Era of Multimarket Banking written by Timothy H. Hannan and published by . This book was released on 2006 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Victor J. Tremblay
Publisher : Routledge
ISBN 13 : 1317468015
Total Pages : 530 pages
Book Rating : 4.3/5 (174 download)
Download or read book Industry and Firm Studies written by Victor J. Tremblay and published by Routledge. This book was released on 2015-03-26 with total page 530 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fourth edition of this acclaimed text is a rich resource for undergraduate and graduate courses in industrial organization, applied game theory, and management strategy. It incorporates game theory into industry analysis by studying the behavior of successful and failing firms as well as the structure-conduct-performance of particular industries. Chapters address a wide variety of issues concerning industry structure, policy towards business, and the strategic innovations and blunders of individual firms. New coverage of professional sports, soft drinks, distilled spirits, and cigarettes complements revised and updated chapters on airline services, retail and commercial banking, health insurance, motion pictures, and brewing. The book includes firm case studies of General Motors, Microsoft, Schlitz, and TiVo.
Author : Hans Degryse
Publisher : Oxford University Press, USA
ISBN 13 : 0195340477
Total Pages : 249 pages
Book Rating : 4.1/5 (953 download)
Download or read book Microeconometrics of Banking written by Hans Degryse and published by Oxford University Press, USA. This book was released on 2009 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title provides a compendium to recent work in empirical banking. It follows the structure in 'The Microeconomics of Banking' by Xavier Freixas and Jean Charles Rochet in arranging the relevant methodologies, applications and results to achieve a coherent synthesis between available theory and supporting empirics.
