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| Tekijä: | Corvoisier, S. Gropp, R. |
| Otsikko: | Bank concentration and retail interest rates |
| Lehti: | Journal of Banking and Finance
2002 : NOV, VOL. 26:11, p. 2155-2189 |
| Asiasana: | Banking Mergers Retailing Interest rates Competition Currency European Monetary System European Union |
| Vapaa asiasana: | Concentration EMU EMS |
| Kieli: | eng |
| Tiivistelmä: | The recent wave of mergers in the euro area raises the question whether the increase in concentration has offset the increase in competition in European banking through deregulation. This paper tests this question by estimating a simple Cournot model of bank pricing. Country and product specific measures of bank concentration are constructed. It is found that for loans and demand deposits increasing concentration may have resulted in less competitive pricing by banks, whereas for savings and time deposits, the model is rejected, suggesting increases in contestability and/or efficiency in these markets. |
SCIMA