What Drives Bank Competition? Some International Evidence
Using bank-level data, the authors apply the Panzar and Rosse (1987) methodology to estimate the extent to which changes in input prices are reflected in revenues earned by specific banks in 50 countries' banking systems. They then relate this competitiveness measure to indicators of countries' banking system structures and regulatory regimes. The authors find systems with greater foreign bank entry and fewer entry and activity restrictions to be more competitive. They find no evidence that the competitiveness measure negatively relates to banking system concentration. Their findings confirm that contestability determines effective competition, especially by allowing (foreign) bank entry and reducing activity restrictions on banks.
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dig-okr-10986181212021-04-23T14:03:41Z What Drives Bank Competition? Some International Evidence Claessens, Stijn Laeven, Luc BANKING SYSTEMS INPUTS REVENUE SOURCES PRICE INDEXES COMPETITIVENESS FOREIGN BANKS PERFORMANCE INDICATORS BANKING REGULATIONS CONTESTABILITY ASSETS BANK HOLDING COMPANIES BANK LENDING BANK REGULATION BANKING INDUSTRY BANKING SECTOR BANKING SERVICES BANKING STRUCTURE BANKING SYSTEM BANKING SYSTEMS BANKS CAPITAL MARKETS CAPITALIZATION COLLUSION COMMERCIAL BANKS COMPETITION POLICY COMPETITIVE PRICE COMPETITIVENESS CONCENTRATION INDEXES CONSOLIDATION CONTESTABILITY CONTESTABLE MARKETS COOPERATIVE BANKS DEPOSITS DEREGULATION DEVELOPED COUNTRIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC STABILITY ELASTICITIES ELASTICITY EMPIRICAL RESEARCH EMPIRICAL STUDIES EQUILIBRIUM EXPENDITURES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN BANKS GDP GDP PER CAPITA HOME MARKET IMPERFECT COMPETITION INEFFICIENCY INFLATION INFLATION RATE INPUT PRICES INSURANCE INSURANCE INDUSTRY INSURANCE PREMIUMS INTEREST EXPENSE INTEREST RATE INTEREST RATES MARGINAL COSTS MARGINAL REVENUE MARKET CONCENTRATION MARKET EQUILIBRIUM MARKET POWER MARKET STRUCTURE MONOPOLISTIC COMPETITION MONOPOLY NET INTEREST MARGIN OLIGOPOLY PER CAPITA INCOME PERFECT COMPETITION PRODUCTION FUNCTION PROFITABILITY PROPERTY RIGHTS REGULATORY REGIMES RETURN ON ASSETS SAVINGS SAVINGS BANKS SECURITIES SECURITIES MARKETS SMALL BANKS STOCK MARKETS SUPERVISORY AGENCIES TAXATION TECHNOLOGICAL PROGRESS TOTAL REVENUE TRANSITION ECONOMIES ASSETS CONTESTABILITY Using bank-level data, the authors apply the Panzar and Rosse (1987) methodology to estimate the extent to which changes in input prices are reflected in revenues earned by specific banks in 50 countries' banking systems. They then relate this competitiveness measure to indicators of countries' banking system structures and regulatory regimes. The authors find systems with greater foreign bank entry and fewer entry and activity restrictions to be more competitive. They find no evidence that the competitiveness measure negatively relates to banking system concentration. Their findings confirm that contestability determines effective competition, especially by allowing (foreign) bank entry and reducing activity restrictions on banks. 2014-04-30T19:39:37Z 2014-04-30T19:39:37Z 2003-08 http://documents.worldbank.org/curated/en/2003/08/2494638/drives-bank-competition-some-international-evidence http://hdl.handle.net/10986/18121 English en_US Policy Research Working Paper;No. 3113 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| institution |
Banco Mundial |
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DSpace |
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Estados Unidos |
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US |
| component |
Bibliográfico |
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En linea |
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dig-okr |
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biblioteca |
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America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English en_US |
| topic |
BANKING SYSTEMS INPUTS REVENUE SOURCES PRICE INDEXES COMPETITIVENESS FOREIGN BANKS PERFORMANCE INDICATORS BANKING REGULATIONS CONTESTABILITY ASSETS BANK HOLDING COMPANIES BANK LENDING BANK REGULATION BANKING INDUSTRY BANKING SECTOR BANKING SERVICES BANKING STRUCTURE BANKING SYSTEM BANKING SYSTEMS BANKS CAPITAL MARKETS CAPITALIZATION COLLUSION COMMERCIAL BANKS COMPETITION POLICY COMPETITIVE PRICE COMPETITIVENESS CONCENTRATION INDEXES CONSOLIDATION CONTESTABILITY CONTESTABLE MARKETS COOPERATIVE BANKS DEPOSITS DEREGULATION DEVELOPED COUNTRIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC STABILITY ELASTICITIES ELASTICITY EMPIRICAL RESEARCH EMPIRICAL STUDIES EQUILIBRIUM EXPENDITURES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN BANKS GDP GDP PER CAPITA HOME MARKET IMPERFECT COMPETITION INEFFICIENCY INFLATION INFLATION RATE INPUT PRICES INSURANCE INSURANCE INDUSTRY INSURANCE PREMIUMS INTEREST EXPENSE INTEREST RATE INTEREST RATES MARGINAL COSTS MARGINAL REVENUE MARKET CONCENTRATION MARKET EQUILIBRIUM MARKET POWER MARKET STRUCTURE MONOPOLISTIC COMPETITION MONOPOLY NET INTEREST MARGIN OLIGOPOLY PER CAPITA INCOME PERFECT COMPETITION PRODUCTION FUNCTION PROFITABILITY PROPERTY RIGHTS REGULATORY REGIMES RETURN ON ASSETS SAVINGS SAVINGS BANKS SECURITIES SECURITIES MARKETS SMALL BANKS STOCK MARKETS SUPERVISORY AGENCIES TAXATION TECHNOLOGICAL PROGRESS TOTAL REVENUE TRANSITION ECONOMIES ASSETS CONTESTABILITY BANKING SYSTEMS INPUTS REVENUE SOURCES PRICE INDEXES COMPETITIVENESS FOREIGN BANKS PERFORMANCE INDICATORS BANKING REGULATIONS CONTESTABILITY ASSETS BANK HOLDING COMPANIES BANK LENDING BANK REGULATION BANKING INDUSTRY BANKING SECTOR BANKING SERVICES BANKING STRUCTURE BANKING SYSTEM BANKING SYSTEMS BANKS CAPITAL MARKETS CAPITALIZATION COLLUSION COMMERCIAL BANKS COMPETITION POLICY COMPETITIVE PRICE COMPETITIVENESS CONCENTRATION INDEXES CONSOLIDATION CONTESTABILITY CONTESTABLE MARKETS COOPERATIVE BANKS DEPOSITS DEREGULATION DEVELOPED COUNTRIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC STABILITY ELASTICITIES ELASTICITY EMPIRICAL RESEARCH EMPIRICAL STUDIES EQUILIBRIUM EXPENDITURES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN BANKS GDP GDP PER CAPITA HOME MARKET IMPERFECT COMPETITION INEFFICIENCY INFLATION INFLATION RATE INPUT PRICES INSURANCE INSURANCE INDUSTRY INSURANCE PREMIUMS INTEREST EXPENSE INTEREST RATE INTEREST RATES MARGINAL COSTS MARGINAL REVENUE MARKET CONCENTRATION MARKET EQUILIBRIUM MARKET POWER MARKET STRUCTURE MONOPOLISTIC COMPETITION MONOPOLY NET INTEREST MARGIN OLIGOPOLY PER CAPITA INCOME PERFECT COMPETITION PRODUCTION FUNCTION PROFITABILITY PROPERTY RIGHTS REGULATORY REGIMES RETURN ON ASSETS SAVINGS SAVINGS BANKS SECURITIES SECURITIES MARKETS SMALL BANKS STOCK MARKETS SUPERVISORY AGENCIES TAXATION TECHNOLOGICAL PROGRESS TOTAL REVENUE TRANSITION ECONOMIES ASSETS CONTESTABILITY |
| spellingShingle |
BANKING SYSTEMS INPUTS REVENUE SOURCES PRICE INDEXES COMPETITIVENESS FOREIGN BANKS PERFORMANCE INDICATORS BANKING REGULATIONS CONTESTABILITY ASSETS BANK HOLDING COMPANIES BANK LENDING BANK REGULATION BANKING INDUSTRY BANKING SECTOR BANKING SERVICES BANKING STRUCTURE BANKING SYSTEM BANKING SYSTEMS BANKS CAPITAL MARKETS CAPITALIZATION COLLUSION COMMERCIAL BANKS COMPETITION POLICY COMPETITIVE PRICE COMPETITIVENESS CONCENTRATION INDEXES CONSOLIDATION CONTESTABILITY CONTESTABLE MARKETS COOPERATIVE BANKS DEPOSITS DEREGULATION DEVELOPED COUNTRIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC STABILITY ELASTICITIES ELASTICITY EMPIRICAL RESEARCH EMPIRICAL STUDIES EQUILIBRIUM EXPENDITURES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN BANKS GDP GDP PER CAPITA HOME MARKET IMPERFECT COMPETITION INEFFICIENCY INFLATION INFLATION RATE INPUT PRICES INSURANCE INSURANCE INDUSTRY INSURANCE PREMIUMS INTEREST EXPENSE INTEREST RATE INTEREST RATES MARGINAL COSTS MARGINAL REVENUE MARKET CONCENTRATION MARKET EQUILIBRIUM MARKET POWER MARKET STRUCTURE MONOPOLISTIC COMPETITION MONOPOLY NET INTEREST MARGIN OLIGOPOLY PER CAPITA INCOME PERFECT COMPETITION PRODUCTION FUNCTION PROFITABILITY PROPERTY RIGHTS REGULATORY REGIMES RETURN ON ASSETS SAVINGS SAVINGS BANKS SECURITIES SECURITIES MARKETS SMALL BANKS STOCK MARKETS SUPERVISORY AGENCIES TAXATION TECHNOLOGICAL PROGRESS TOTAL REVENUE TRANSITION ECONOMIES ASSETS CONTESTABILITY BANKING SYSTEMS INPUTS REVENUE SOURCES PRICE INDEXES COMPETITIVENESS FOREIGN BANKS PERFORMANCE INDICATORS BANKING REGULATIONS CONTESTABILITY ASSETS BANK HOLDING COMPANIES BANK LENDING BANK REGULATION BANKING INDUSTRY BANKING SECTOR BANKING SERVICES BANKING STRUCTURE BANKING SYSTEM BANKING SYSTEMS BANKS CAPITAL MARKETS CAPITALIZATION COLLUSION COMMERCIAL BANKS COMPETITION POLICY COMPETITIVE PRICE COMPETITIVENESS CONCENTRATION INDEXES CONSOLIDATION CONTESTABILITY CONTESTABLE MARKETS COOPERATIVE BANKS DEPOSITS DEREGULATION DEVELOPED COUNTRIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC STABILITY ELASTICITIES ELASTICITY EMPIRICAL RESEARCH EMPIRICAL STUDIES EQUILIBRIUM EXPENDITURES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN BANKS GDP GDP PER CAPITA HOME MARKET IMPERFECT COMPETITION INEFFICIENCY INFLATION INFLATION RATE INPUT PRICES INSURANCE INSURANCE INDUSTRY INSURANCE PREMIUMS INTEREST EXPENSE INTEREST RATE INTEREST RATES MARGINAL COSTS MARGINAL REVENUE MARKET CONCENTRATION MARKET EQUILIBRIUM MARKET POWER MARKET STRUCTURE MONOPOLISTIC COMPETITION MONOPOLY NET INTEREST MARGIN OLIGOPOLY PER CAPITA INCOME PERFECT COMPETITION PRODUCTION FUNCTION PROFITABILITY PROPERTY RIGHTS REGULATORY REGIMES RETURN ON ASSETS SAVINGS SAVINGS BANKS SECURITIES SECURITIES MARKETS SMALL BANKS STOCK MARKETS SUPERVISORY AGENCIES TAXATION TECHNOLOGICAL PROGRESS TOTAL REVENUE TRANSITION ECONOMIES ASSETS CONTESTABILITY Claessens, Stijn Laeven, Luc What Drives Bank Competition? Some International Evidence |
| description |
Using bank-level data, the authors apply
the Panzar and Rosse (1987) methodology to estimate the
extent to which changes in input prices are reflected in
revenues earned by specific banks in 50 countries'
banking systems. They then relate this competitiveness
measure to indicators of countries' banking system
structures and regulatory regimes. The authors find systems
with greater foreign bank entry and fewer entry and activity
restrictions to be more competitive. They find no evidence
that the competitiveness measure negatively relates to
banking system concentration. Their findings confirm that
contestability determines effective competition, especially
by allowing (foreign) bank entry and reducing activity
restrictions on banks. |
| format |
Publications & Research :: Policy Research Working Paper |
| topic_facet |
BANKING SYSTEMS INPUTS REVENUE SOURCES PRICE INDEXES COMPETITIVENESS FOREIGN BANKS PERFORMANCE INDICATORS BANKING REGULATIONS CONTESTABILITY ASSETS BANK HOLDING COMPANIES BANK LENDING BANK REGULATION BANKING INDUSTRY BANKING SECTOR BANKING SERVICES BANKING STRUCTURE BANKING SYSTEM BANKING SYSTEMS BANKS CAPITAL MARKETS CAPITALIZATION COLLUSION COMMERCIAL BANKS COMPETITION POLICY COMPETITIVE PRICE COMPETITIVENESS CONCENTRATION INDEXES CONSOLIDATION CONTESTABILITY CONTESTABLE MARKETS COOPERATIVE BANKS DEPOSITS DEREGULATION DEVELOPED COUNTRIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC STABILITY ELASTICITIES ELASTICITY EMPIRICAL RESEARCH EMPIRICAL STUDIES EQUILIBRIUM EXPENDITURES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN BANKS GDP GDP PER CAPITA HOME MARKET IMPERFECT COMPETITION INEFFICIENCY INFLATION INFLATION RATE INPUT PRICES INSURANCE INSURANCE INDUSTRY INSURANCE PREMIUMS INTEREST EXPENSE INTEREST RATE INTEREST RATES MARGINAL COSTS MARGINAL REVENUE MARKET CONCENTRATION MARKET EQUILIBRIUM MARKET POWER MARKET STRUCTURE MONOPOLISTIC COMPETITION MONOPOLY NET INTEREST MARGIN OLIGOPOLY PER CAPITA INCOME PERFECT COMPETITION PRODUCTION FUNCTION PROFITABILITY PROPERTY RIGHTS REGULATORY REGIMES RETURN ON ASSETS SAVINGS SAVINGS BANKS SECURITIES SECURITIES MARKETS SMALL BANKS STOCK MARKETS SUPERVISORY AGENCIES TAXATION TECHNOLOGICAL PROGRESS TOTAL REVENUE TRANSITION ECONOMIES ASSETS CONTESTABILITY |
| author |
Claessens, Stijn Laeven, Luc |
| author_facet |
Claessens, Stijn Laeven, Luc |
| author_sort |
Claessens, Stijn |
| title |
What Drives Bank Competition? Some International Evidence |
| title_short |
What Drives Bank Competition? Some International Evidence |
| title_full |
What Drives Bank Competition? Some International Evidence |
| title_fullStr |
What Drives Bank Competition? Some International Evidence |
| title_full_unstemmed |
What Drives Bank Competition? Some International Evidence |
| title_sort |
what drives bank competition? some international evidence |
| publisher |
World Bank, Washington, DC |
| publishDate |
2003-08 |
| url |
http://documents.worldbank.org/curated/en/2003/08/2494638/drives-bank-competition-some-international-evidence http://hdl.handle.net/10986/18121 |
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1756573452853051392 |