- 1、本文档共33页,可阅读全部内容。
- 2、原创力文档(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
- 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载。
- 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
查看更多
Journal of Applied Business and Economics
Measuring and Explaining Competition in the Financial Sector
Jacob A. Bikker
De Nederlandsche Bank and Utrecht University
Laura Spierdijk
University of Groningen
The first part of this paper provides a systematic discussion of the structural problems of
competition on financial markets as observed from the demand and from the supply side, using a
diagnostic framework. Potential impediments to competition are concentration, entry barriers,
lack of transparency, product complexity, switching and search costs, financial illiteracy, lack
of consumer power and weak intermediaries. In response to such financial market failures, we
suggest a number of possible policy reactions. The second part of the paper investigates ways to
measure competition and provides empirical figures on banking competition in 101 separate
countries and assesses the market structure as monopolistic (or a perfect cartel), perfectly
competitive or monopolistic competitive. Also, banking competition is explained, using
explanatory variables of market structure, contestability, inter-industry competition, and
institutional and macro economic conditions. This analysis provides possible instruments for
reform in order to help promote competition. Next, the impact of banking consolidation is
examined. Finally, developments in competition are observed over time, generally pointing to a
downward trend.
INTRODUCTION
This paper consists of two parts. The first discusses structural characteristics of the financial
markets including potential obstacles that may h
您可能关注的文档
- Marx in 1869 Notebook B113, ‘strongThe Economiststrong’ and ‘The Money.pdf
- Marx, Law, Ideology, Legal Positivism - Chicago Unbound.pdf
- Marx, Minsky, and the Great Recession.pdf
- Marxism and Critical Realism.pdf
- Marxism and Multiculturalism - School of GeoSciences.pdf
- MARXISM AS SCIENCE HISTORICAL CHALLENGES AND THEORETICAL.pdf
- MARXISM RELIGIOUS FAITH AND BAD FAITH - Reason Papers.pdf
- Marxism, Crisis Theory and the Crisis of the Early 21st.pdf
- MARX’S ECONOMIC THEORY TRUE OR FALSE A MARXIAN RESPONSE TO.pdf
- Mass Flourishing How Grassroots Innovation Created Jobs,.pdf
- 2024年江西省寻乌县九上数学开学复习检测模拟试题【含答案】.doc
- 2024年江西省省宜春市袁州区数学九上开学学业水平测试模拟试题【含答案】.doc
- 《GB/T 44275.2-2024工业自动化系统与集成 开放技术字典及其在主数据中的应用 第2部分:术语》.pdf
- 中国国家标准 GB/T 44275.2-2024工业自动化系统与集成 开放技术字典及其在主数据中的应用 第2部分:术语.pdf
- GB/T 44285.1-2024卡及身份识别安全设备 通过移动设备进行身份管理的构件 第1部分:移动电子身份系统的通用系统架构.pdf
- 《GB/T 44285.1-2024卡及身份识别安全设备 通过移动设备进行身份管理的构件 第1部分:移动电子身份系统的通用系统架构》.pdf
- 中国国家标准 GB/T 44285.1-2024卡及身份识别安全设备 通过移动设备进行身份管理的构件 第1部分:移动电子身份系统的通用系统架构.pdf
- GB/T 44275.11-2024工业自动化系统与集成 开放技术字典及其在主数据中的应用 第11部分:术语制定指南.pdf
- 中国国家标准 GB/T 44275.11-2024工业自动化系统与集成 开放技术字典及其在主数据中的应用 第11部分:术语制定指南.pdf
- 《GB/T 44275.11-2024工业自动化系统与集成 开放技术字典及其在主数据中的应用 第11部分:术语制定指南》.pdf
文档评论(0)