Clerides, Sofronis and Delis, Manthos D and Kokas, Sotirios (2015) A New Data Set On Competition In National Banking Markets. Financial Markets, Institutions & Instruments, 24 (2-3). pp. 267-311. DOI https://doi.org/10.1111/fmii.12030
Clerides, Sofronis and Delis, Manthos D and Kokas, Sotirios (2015) A New Data Set On Competition In National Banking Markets. Financial Markets, Institutions & Instruments, 24 (2-3). pp. 267-311. DOI https://doi.org/10.1111/fmii.12030
Clerides, Sofronis and Delis, Manthos D and Kokas, Sotirios (2015) A New Data Set On Competition In National Banking Markets. Financial Markets, Institutions & Instruments, 24 (2-3). pp. 267-311. DOI https://doi.org/10.1111/fmii.12030
Abstract
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 |
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Additional Information: | Source info: Financial Markets, Institutions & Instruments, Vol. 24, Issue 2-3, pp. 267-311, 2015 |
Uncontrolled Keywords: | Bank competition; Semi-parametric estimation; World sample |
Subjects: | H Social Sciences > HG Finance |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Essex Business School |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 10 Sep 2015 13:31 |
Last Modified: | 23 Oct 2024 06:22 |
URI: | http://repository.essex.ac.uk/id/eprint/14850 |