Overview

For academics, regulators and policymakers alike, it is crucial to measure financial sector competition by means of reliable, well-established methods. However, this is easier said than done. This comprehensive Handbook provides a collection of state-of-the-art chapters to address this issue. Using the latest empirical results from around the world, expert contributors offer a thorough assessment of the quality and reliability of the prevalent measures of competition in banking and finance. The Handbook consists of four parts, the first of which discusses the characteristics of various measures of financial sector competition. The second part includes several empirical studies on the level of, and trends in, competition across countries. The third part deals with the spillovers of market power to other sectors and the economy as a whole. Finally, the fourth part considers competition in banking submarkets and subsectors. This Handbook is an essential resource for students and researchers interested in competition, regulation, banking and finance. Politicians, policymakers and regulators will also benefit from the thorough explanation of the need for anti-trust regulation and identification of the most reliable competition measures. Contributors include: A.N. Berger, J.A. Bikker, W. Bolt, J. Bos, Y.L. Chan, P. Coccorese, M.D. Delis, J. Fernández de Guevara, Z. Fungácová, R. Gropp, I. Hasan, J.P. Hughes, D. Humphrey, L.F. Klapper, S. Kleimeier, C. Kok, S. Kokas, J.W. Kolari, M. Lamers, L. Liu, J. Maudos, L.J. Mester, C.-G. Moon, N. Mylonidis, S. Ongena, B. Overvest, V. Purice, R.J. Rosen, H. Sander, S. Shaffer, L. Spierdijk, D. Titotto, R. Turk-Ariss, G.F. Udell, L. Weill, J. Yuan, M. Zaouras

Full Product Details

Author:   Jacob A. Bikker ,  Laura Spierdijk
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Dimensions:   Width: 16.90cm , Height: 3.20cm , Length: 24.40cm
Weight:   0.952kg
ISBN:  

9781785363290

ISBN 10:   1785363298
Pages:   424
Publication Date:   29 September 2017
Audience:   Professional and scholarly ,  College/higher education ,  Professional & Vocational ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Contents: Part I. Measurement of financial-sector competition 1. Market power: competition among measures Sherrill Shaffer and Laura Spierdijk 2. The Panzar-Rosse revenue test and market power in banking: an empirical illustration Sherrill Shaffer and Laura Spierdijk 3. Adapting conjectural variations methods to banking competition Bastiaan Overvest 4. Bank risk and competition: the other side of the story Laura Spierdijk and Michalis Zaouras 5. Banking competition, concentration and critical mass: why the Herfindahl-Hirschman Index is a biased competition measure Jaap W.B. Bos, Yee Ling Chan, James W. Kolari and Jiang Yuan Part II. Empirical results on competition in banking and insurance 6. Global developments in banking competition Martien Lamers and Victoria Purice 7. Competition in the European banking markets in the aftermath of the financial crisis Juan Fernandez de Guevara and Joaquin Maudos 8. Banking competition in China Zuzana Fungacova and Laurent Weill 9. Performance of the life insurance industry under pressure: efficiency, competition, and consolidation Jacob A. Bikker Part III. Spill-overs of financial-sector competition 10. Bank competition and financial stability Allen N. Berger, Leora F. Klapper and Rima Turk-Ariss 11. Measuring agency costs and the value of investment opportunities of U. S. bank holding companies with stochastic frontier estimation Joseph P. Hughes, Loretta J. Mester and Choon-Geol Moon 12. Banking competition and economic growth Paolo Coccorese 13. Shadow banking and competition: decomposing market power by activity Daniele Titotto and Steven Ongena 14. Banking competition and interest rate pass-through Stephanie Kleimeier and Harald Sander Part IV. Competition in banking submarkets and subsectors 15. SME business loans Richard J. Rosen and Gregory F. Udell 16. Competition and price conduct by bank service line Wilko Bolt and David Humphrey 17. Competition and contestability in bank retail markets Reint Gropp and Christoffer Kok 18. Bank market power and loan growth Manthos D. Delis, Iftekhar Hasan, Sotirios Kokas, Liuling Liu and Nikolaos Mylonidis Index

Reviews

`Bank competition and financial stability are inherent elements of economic growth. This book makes an invaluable contribution to an in depth understanding of this reality. Do we have enough competition in the banking and financial sectors in Malta? Too much, or too little, of it? Certainly many of t he answers lie in a good reading of this excellent volume.' -- MFSA Newsletter

'Bank competition and financial stability are inherent elements of economic growth. This book makes an invaluable contribution to an in depth understanding of this reality. Do we have enough competition in the banking and financial sectors in Malta? Too much, or too little, of it? Certainly many of t he answers lie in a good reading of this excellent volume.' -- MFSA Newsletter

‘Bank competition and financial stability are inherent elements of economic growth. This book makes an invaluable contribution to an in depth understanding of this reality.’ -- MFSA Newsletter

Author Information

Edited by Jacob A. Bikker, Emeritus Professor, School of Economics, University of Utrecht and Visiting Scholar, Economic Policy and Research Division, De Nederlandsche Bank, Amsterdam and Laura Spierdijk, Professor, Faculty of Economics and Business, University of Groningen, the Netherlands

Tab Content 6

Author Website:  

Customer Reviews

Recent Reviews

No review item found!

Add your own review!

Countries Available

All regions