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A new data set on competition in national banking markets

Clerides, S and Delis, MD and Kokas, S (2015) 'A new data set on competition in national banking markets.' Financial Markets, Institutions and Instruments, 24 (2-3). 267 - 311. ISSN 0963-8008

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Abstract

© 2015 New York University Salomon Center and Wiley Periodicals, Inc. We estimate the degree of competition in the banking sectors of 148 countries over the period 1997-2010 using three methods: the Lerner index, the adjusted Lerner index, and the profit elasticity. Marginal cost estimates required for all methods are obtained using a flexible semi-parametric methodology. All three indices show that competitive conditions in banking deteriorated during the period 1997-2006, improved until 2008, and deteriorated again thereafter. Levels of competition differ across regions and income groups, but there is gradual convergence over time. Banking system is less competitive in sub-Saharan Africa and low income countries and more competitive in Europe and Central and South Asia and OECD countries.

Item Type: Article
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Social Sciences > Essex Business School
Depositing User: Jim Jamieson
Date Deposited: 10 Sep 2015 13:31
Last Modified: 18 Mar 2019 22:15
URI: http://repository.essex.ac.uk/id/eprint/14850

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