What Drives Bank Competition? Some International Evidence

• Tác giả: Stijn Claessens
• Ngôn ngữ: eng
• Ký hiệu phân loại: 332.16 Banks with multiple outlets
• Thông tin xuất bản: World Bank, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 319403
• Chủ đề: 1. BANKING SYSTEMS; 2. COMPETITIVENESS; 3. INPUTS; 4. PRICE INDEXES; 5. REVENUE SOURCES

Tóm tắt

Using bank-level data, the authors apply the Panzar and Rosse (1987) methodology to estimate the extent to which changes in input prices are reflected in revenues earned by specific banks in 50 countries' banking systems. They then relate this competitiveness measure to indicators of countries' banking system structures and regulatory regimes. The authors find systems with greater foreign bank entry and fewer entry and activity restrictions to be more competitive. They find no evidence that the competitiveness measure negatively relates to banking system concentration. Their findings confirm that contestability determines effective competition, especially by allowing (foreign) bank entry and reducing activity restrictions on banks.