Recent developments in European bank competition /
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...
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| Format: | Book |
| Language: | English |
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[Washington, D.C.] :
International Monetary Fund,
©2011
Washington, D.C. : 2011 |
| Series: | IMF Working Papers ;
Working Paper No. 11/146 IMF Working Papers; Working Paper ; No. 2011/146 IMF eLibrary IMF working paper ; WP/11/146 |
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Table of Contents:
- Cover Page; Title Page; Copyright Page; Contents; I. Introduction; A. Bank Competition: Measurement; B. Determinants of Competition; C. Effects of Competition; II. The Empirical Model; A. The Panzar-Rosse Methodology; B. The Model and H-statistic; C. Equilibrium Test; III. Data and Empirical Results; A. Data; Traditional Measures of Financial Development Across Countries; 1. Summary Statistics; 2. Correlation Matrix Between Major Variables; 3. H-Statistics Over Time; B. Results; 4. H-Statistics of Banking System by Size; 5. H-Statistics of Banking System by Bank Types
- 6. H-Statistics of Banking System by Foreign/Domestic OwnershipIV. Conclusion; Appendix: Simplified Panzar-Rosse model; Footnotes