A New Measure of Competition in the Financial Industry: The by Jacob A Bikker, Michiel van Leuvensteijn

By Jacob A Bikker, Michiel van Leuvensteijn

The 2008 credits quandary all started with the failure of 1 huge financial institution: Lehman Brothers. given that then the point of interest of either politicians and regulators has been on stabilising the financial system and combating destiny monetary instability. At this juncture, we're on the final level of future-proofing the monetary quarter through elevating capital specifications and tightening monetary rules. Now the coverage schedule must pay attention to remodeling the banking region into an engine for progress. Reviving festival within the banking zone after the nation interventions of the previous years is a key step during this process.

This e-book introduces and explains a comparatively new idea in festival size: the performance-conduct-structure (PCS) indicator. the foremost inspiration at the back of this degree is firm’s potency is extra hugely rewarded when it comes to industry proportion and revenue, the enhanced aggressive strain is. The ebook starts off by means of explaining the monetary market’s basic stumbling blocks to pageant featuring a quick survey of the complicated courting among monetary balance and pageant. The theoretical contributions of Hay and Liu and Boone give you the theoretical underpinning for the desktops indicator, whereas its software to banking and coverage illustrates its empirical features. eventually, this ebook offers a scientific comparability among the result of this method and (all) latest tools as utilized to forty six nations, over a similar pattern interval.

This booklet provides a finished assessment of the knowns and unknowns of monetary zone pageant for advertisement and vital bankers, policy-makers, supervisors and lecturers alike.

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Extra resources for A New Measure of Competition in the Financial Industry: The Performance-Conduct-Structure Indicator

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As of these dates, the existing national euro credit transfer and direct debit schemes will be replaced. The problem of high costs involved in switching payment accounts to other banks can be solved by allowing bank clients to transfer their unique payment account number, including the linked automatic payment and collection services, to any other bank. Of course, this would entail large IT investments for banks. Price competition on new tailor-made and complex wholesale banking services is likely to be more limited than in traditional intermediation.

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