Monopoly And Competition In Banking

Author : David A. Alhadeff
Publisher : Univ of California Press
Page : 268 pages
File Size : 46,8 Mb
Release : 2022-08-19
Category : Business & Economics
ISBN : 9780520345539

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Monopoly and Competition in Banking by David A. Alhadeff Pdf

This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1954.

Author : Mark Toma
Publisher : Cambridge University Press
Page : 148 pages
File Size : 49,5 Mb
Release : 1997-05-08
Category : Business & Economics
ISBN : 9780521562584

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Competition and Monopoly in the Federal Reserve System, 1914-1951 by Mark Toma Pdf

This book emphasizes the evolution of the Federal Reserve from a competitive to a monopolistic structure.

Author : Mr. Itai Agur,Mr. Anil Ari,Mr. Giovanni Dell'Ariccia
Publisher : International Monetary Fund
Page : 55 pages
File Size : 51,9 Mb
Release : 2023-06-09
Category : Business & Economics
ISBN : 9798400244865

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Bank Competition and Household Privacy in a Digital Payment Monopoly by Mr. Itai Agur,Mr. Anil Ari,Mr. Giovanni Dell'Ariccia Pdf

Lenders can exploit households' payment data to infer their creditworthiness. When households value privacy, they then face a tradeoff between protecting such privacy and credit conditions. We study how the introduction of an informationally more intrusive digital payment vehicle affects households' cash use, credit access, and welfare. A tech monopolist controls the intrusiveness of the new payment method and manipulates information asymmetries among households and oligopolistic banks to extract data contracts that are more lucrative than lending on its own. The laissez-faire equilibrium entails a digital payment vehicle that is more intrusive than socially optimal, providing a rationale for regulation.

Author : Mark Toma
Publisher : Cambridge University Press
Page : 148 pages
File Size : 47,9 Mb
Release : 2005-11-03
Category : Business & Economics
ISBN : 0521022037

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Competition and Monopoly in the Federal Reserve System, 1914-1951 by Mark Toma Pdf

Many economists view competition among central banks as leading to an over-issue of money. This book challenges the conventional wisdom by showing that competition among Federal Reserve banks in the 1920s did not result in an over-issue problem. The US Congress imposed a more monopolistic structure on the Fed in the mid-1930s so that it could accomodate an increase in the revenue needs of the Treasury. This book is unique in emphasizing the evolution of the Fed's structure from a highly competitive one to a highly monopolistic one.

Author : Mr.Bruce D. Smith,Mr.Gianni De Nicolo,John H. Boyd
Publisher : International Monetary Fund
Page : 40 pages
File Size : 54,6 Mb
Release : 2003-09-01
Category : Business & Economics
ISBN : 9781451859584

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Crisis in Competitive Versus Monopolistic Banking Systems by Mr.Bruce D. Smith,Mr.Gianni De Nicolo,John H. Boyd Pdf

We study a monetary, general equilibrium economy in which banks exist because they provide intertemporal insurance to risk-averse depositors. A "banking crisis" is defined as a case in which banks exhaust their reserve assets. Under different model specifications, the banking industry is either a monopoly bank or a competitive banking industry. If the nominal rate of interest (rate of inflation) is below (above) some threshold, a monopolistic banking system will always result in a higher (lower) crisis probability. Thus, the relative crisis probabilities under the two banking systems cannot be determined independently of the conduct of monetary policy. We further show that the probability of a "costly banking crisis" is always higher under competition than under monopoly. However, this apparent advantage of the monopoly bank is due strictly to the fact that it provides relatively less valuable intertemporal insurance. These theoretical results suggest that banking system structure may matter for financial stability.

Author : David A. Alhadeff
Publisher : Univ of California Press
Page : 268 pages
File Size : 51,8 Mb
Release : 2023-11-10
Category : Business & Economics
ISBN : 9780520345546

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Monopoly and Competition in Banking by David A. Alhadeff Pdf

This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1954.

Author : John H. Boyd
Publisher : Unknown
Page : 39 pages
File Size : 55,5 Mb
Release : 2008
Category : Electronic
ISBN : OCLC:1291160294

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Crises in Competitive Versus Monopolistic Banking Systems by John H. Boyd Pdf

We study a monetary, general equilibrium economy in which banks exist because they provide intertemporal insurance to risk-averse depositors. A quot;banking crisisquot; is defined as a case in which banks exhaust their reserve assets. Under different model specifications, the banking industry is either a monopoly bank or a competitive banking industry. If the nominal rate of interest (rate of inflation) is below (above) some threshold, a monopolistic banking system will always result in a higher (lower) crisis probability. Thus, the relative crisis probabilities under the two banking systems cannot be determined independently of the conduct of monetary policy. We further show that the probability of a quot;costly banking crisisquot; is always higher under competition than under monopoly. However, this apparent advantage of the monopoly bank is due strictly to the fact that it provides relatively less valuable intertemporal insurance. These theoretical results suggest that banking system structure may matter for financial stability.

Author : Mr.Tito Cordella,Mr.Eduardo Levy Yeyati
Publisher : International Monetary Fund
Page : 46 pages
File Size : 54,9 Mb
Release : 1998-06-01
Category : Business & Economics
ISBN : 9781451851991

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Financial Opening, Deposit Insurance, and Risk in a Model of Banking Competition by Mr.Tito Cordella,Mr.Eduardo Levy Yeyati Pdf

This paper studies the impact of competition on the determination of interest rates and banks’ risk-taking behavior under different assumptions about deposit insurance and the dissemination of financial information. It finds that lower entry costs foster competition in deposit rate sand reduce banks’ incentives to limit risk exposure. Although higher insurance coverage amplifies this effect, two alternative arrangements (risk-based contributions to the insurance fund and public disclosure of financial information) help to reduce it. Moreover, uninsured but fully informed depositors and risk-based full deposit insurance yield the same equilibrium risk level, which is independent of entry costs. The welfare implications of the different arrangements are also explored.

Author : Stijn Claessens,Luc Laeven
Publisher : World Bank Publications
Page : 49 pages
File Size : 45,7 Mb
Release : 2005
Category : Banks and banking
ISBN : 8210379456XXX

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Financial Dependence, Banking Sector Competition, and Economic Growth by Stijn Claessens,Luc Laeven Pdf

"The relationships among competition in the financial sector, access of firms to external financing, and associated economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper Claessens and Laeven first estimate for 16 countries a measure of banking system competition based on industrial organization theory. They then relate this competition measure to growth of industries and find that greater competition in countries' banking systems allows financially dependent industries to grow faster. These results are robust under a variety of tests. The results suggest that the degree of competition is an important aspect of financial sector funding. This paper--a product of the Financial Sector Operations and Policy Department--is part of a larger effort in the department to study competition in banking"--World Bank web site.

Author : Gaston Gelos,Jorge E. Roldós
Publisher : International Monetary Fund
Page : 36 pages
File Size : 43,6 Mb
Release : 2002
Category : Bank mergers
ISBN : UCSD:31822032176653

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Consolidation and Market Structure in Emerging Market Banking Systems by Gaston Gelos,Jorge E. Roldós Pdf

Author : M.L. Burstein
Publisher : Springer
Page : 305 pages
File Size : 43,6 Mb
Release : 1988-06-18
Category : Business & Economics
ISBN : 9781349099788

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Studies in Banking Theory, Financial History and Vertical Control by M.L. Burstein Pdf

These essays span the author's thirty years in professional economics. Fundamental papers on vertical (industrial) control, property rights, approaches to market behaviour, macroeconomic dynamics and the paper-money systems of 18th century British North America are revised and reappraised.

Author : Jukka Vesala
Publisher : Unknown
Page : 212 pages
File Size : 43,8 Mb
Release : 1995
Category : Bank loans
ISBN : IND:30000050683055

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Testing for Competition in Banking by Jukka Vesala Pdf

An empirical analysis of competition in the Finnish banking industry since deregulation in the mid-1980s.

Author : Franklin R. Edwards
Publisher : Unknown
Page : 154 pages
File Size : 44,5 Mb
Release : 1964
Category : Balance of payments
ISBN : PSU:000000141604

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Concentration and Competition in Commercial Banking by Franklin R. Edwards Pdf

Author : George Guthrie
Publisher : Unknown
Page : 180 pages
File Size : 55,7 Mb
Release : 1866
Category : Banks and banking
ISBN : PRNC:32101055783144

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Bank Monopoly the Cause of Commercial Crises by George Guthrie Pdf

Author : Edward Reynolds Pease
Publisher : Unknown
Page : 19 pages
File Size : 53,9 Mb
Release : 1912
Category : Banks and banking
ISBN : OCLC:71372544

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Gold and State Banking by Edward Reynolds Pease Pdf