Competition and efficiency in a unified European banking market:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cheltenham [u.a.]
Elgar
2004
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XIV, 311 S. graph. Darst. |
| ISBN: | 1843761106 |
Internformat
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| 245 | 1 | 0 | |a Competition and efficiency in a unified European banking market |c Jacob A. Bikker |
| 264 | 1 | |a Cheltenham [u.a.] |b Elgar |c 2004 | |
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Datensatz im Suchindex
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Contents
List of figures vii
List of tables ix
Preface xiii
1. Introduction to Market Structure, Competition and Efficiency 1
2. Intermediation, Integration and Internationalization 19
3. Measures of Competition and Concentration in the Banking
Industry 47
4. Competition and Concentration in the Banking Industry and their
Relationship 83
5. Competition on EU Deposit and Loan Markets 145
6. Efficiency and Cost Differences across Countries 193
7. Cyclical Patterns in Profits, Provisioning and Lending of Banks 241
8. Structural Changes in the EU Banking Industry and Policy
Recommendations 275
References 289
Name index 303
Subject index 307
v
Figures
1.1 Correlations between structure, conduct and performance 15
1.2 Relationships between structure, conduct, performance and
efficiency 16
2.1 Distribution of financial assets between intermediated and non
intermediated instruments in the euro area 21
2.2 Value of mergers and acquisitions involving banks in the euro
area 30
2.3 Total value of bank mergers and acquisitions classified by
acquiring or largest firm's region 33
2.4 Relationship between number of banks and returns on equity 40
3.1 The Hannah and Kay index (for different values of a) 60
3.2 The U index (for different values of a) 61
3.3 The multiplicatively modified Hause index (for different
values of a) 61
3 .A. 1 Concentration curve of mortgages in the Dutch banking
industry 78
3.A.2 Concentration curve of total assets in the Dutch banking
industry 79
3.A.3 Lorenz curve for the Dutch banking sector 80
vii
viii Figures
6.1 Relationships between X inefficiency and cost levels estimated
by dummies 208
6.2 Relationships between the rankings of X inefficiency and cost
levels 216
Tables
1.1 Country specific ratios and indices related to efficiency and
competition 10
1.2 Comparison of two estimates of inefficiency 12
1.3 Correlations between simple ratios and more sophisticated
efficiency and competition estimates 13
2.1 Capital and bank markets indicators 22
2.2 Funds raised in the capital market by non financial enterprises 23
2.3 Liabilities of non financial enterprises 24
2.4 International debt securities: outstanding amounts as per cent of
total debt securities 25
2.5 Share of foreign banks (as a per cent of total assets of domestic
banks) 27
2.6 External positions of banks in individual countries (as a per cent
ofgdp) 29
2.7 Concentration indices (CR5) based on total assets, lending and
deposits 32
2.8 Numbers of inhabitants per bank branch and per bank employee 3 5
2.9 Net interest rate margins 36
2.10 Share of net interest revenue for various bank size classes 37
ix
x Tables
2.11 Operating expenses as per cent of gross income 3 8
2.12 Profit before tax and returns on assets and equity 39
2.A. 1 3 Twenty largest banks in terms of shareholder equity in 2001,
1996 and 1991 43
3.1 Application of concentration measures to the Dutch
mortgage market 59
3.2 Concentration indices for 20 countries, based on total assets 62
3.3 The structure performance relationship in banking 67
3.4 Concentration measures and their conjectural variations 70
3.5 P R model results in other studies 76
4.1 Discriminatory power of H 87
4.2 Sample period and number of observations per country 91
4.3 Empirical results of the reduced form revenue model for
the EU 93
4.4 Empirical results for H for various bank size samples and
various years 97
4.5 Empirical results for the Netherlands for interest revenue
and total revenue 100
4.6 Concentration indices for 23 countries, based on total assets 103
4.7 Market shares of the ten largest banks in the sample 104
4.8 Relationship between competition and concentration
for the all bank sample with a Europe dummy 106
4.9 Relationship between competition and concentration for
the all bank sample with ' share of bank deposits' 107
4.B.1 23 Empirical results for 23 countries 112
Tables xi
4.C. 1 Number of banks and observations per country in EU analysis 127
4.C.2 Empirical results for H for various bank sizes: averages over
1991 and 1997 128
4.D.1 23 Descriptive statistics of the data for 23 countries 130
5.1 Expected coefficient signs of the determinants of the various
models 154
5.2 Market power and summary of the estimates of the deposit
rate model 158
5.3 Market power and summary of the estimates of the
lending rate model 162
5.A. 1 Empirical results for the real deposits equation 166
5.A.2 Empirical results for the deposit rate equation 170
5.B. 1 Empirical results for the real loans equation 173
5.B.2 Empirical results for the lending rate equation 177
5.C. 1 9 Data sources for nine countries 180
5.C. 10 Descriptive statistics of the data of the Bresnahan models
over 1983 97 189
6.1 Specifications of the SCF and TCF models 202
6.2 European wide estimates of X efficiency using the SCF
model 204
6.3 Europe wide estimates of cost effects using a translog cost
model 207
6.4 Distribution of banks over size and categories classes 209
6.5 Mean X efficiency by country and by bank size class 210
6.6 Mean X efficiency by country and by bank categories 214
6.7 Changes in efficiency and cost level differences over time 218
xii Tables
6.8 Europe wide estimates of X efficiency for two sub periods 219
6. A. 1 Country specific characteristics of selected European banks 224
6.B. 1 Europe wide and single country estimates of efficiency 228
6.C. 1 Sensitivity analysis for the number of German banks or
observations: efficiencies and ranks for various samples 231
6.C.2 Cost effects in a translog cost model by country and by
bank size class 233
6.C.3 Average cost level by country and by bank category 235
6.C.4 Estimates of cost effects in a translog cost model for two sub
periods 238
7.1 Breakdown of banks' profits 246
7.2 Explanation of profit margin on assets before tax in 26
countries 252
7.3 Explanation of credit loss provisioning for 21 countries 258
7.4 Explanation of lending for 26 countries 262
7.A.I Data sources used 266
7. A.2 Descriptive statistics of the data of the profit margin on assets
model for 26 countries 268
7. A.3 Descriptive statistics of the data of the credit loss
provisioning model for 21 countries 270
7. A.4 Descriptive statistics of the data of the lending model
for 26 countries 271 |
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| geographic_facet | Europäische Union - Kreditwesen - Wettbewerb - Markteffizienz Europa |
| id | DE-604.BV019285881 |
| illustrated | Illustrated |
| indexdate | 2025-01-02T09:25:51Z |
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| isbn | 1843761106 |
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| physical | XIV, 311 S. graph. Darst. |
| publishDate | 2004 |
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| spelling | Bikker, Jacob A. 1952- Verfasser (DE-588)129004456 aut Competition and efficiency in a unified European banking market Jacob A. Bikker Cheltenham [u.a.] Elgar 2004 XIV, 311 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Europäische Union (DE-588)5098525-5 gnd rswk-swf Bank / Wettbewerb / Finanzsektor / Industrieökonomik / Wirtschaftliche Effizienz / EU-Staaten Bank Banks and banking -- Europe Competition -- Europe Markteffizienz (DE-588)4125819-8 gnd rswk-swf Kreditwesen (DE-588)4032950-1 gnd rswk-swf Wettbewerb (DE-588)4065835-1 gnd rswk-swf Europäische Union - Kreditwesen - Wettbewerb - Markteffizienz Europa Europäische Union (DE-588)5098525-5 b Kreditwesen (DE-588)4032950-1 s Wettbewerb (DE-588)4065835-1 s Markteffizienz (DE-588)4125819-8 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=012037943&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Bikker, Jacob A. 1952- Competition and efficiency in a unified European banking market Europäische Union (DE-588)5098525-5 gnd Bank / Wettbewerb / Finanzsektor / Industrieökonomik / Wirtschaftliche Effizienz / EU-Staaten Bank Banks and banking -- Europe Competition -- Europe Markteffizienz (DE-588)4125819-8 gnd Kreditwesen (DE-588)4032950-1 gnd Wettbewerb (DE-588)4065835-1 gnd |
| subject_GND | (DE-588)5098525-5 (DE-588)4125819-8 (DE-588)4032950-1 (DE-588)4065835-1 |
| title | Competition and efficiency in a unified European banking market |
| title_auth | Competition and efficiency in a unified European banking market |
| title_exact_search | Competition and efficiency in a unified European banking market |
| title_full | Competition and efficiency in a unified European banking market Jacob A. Bikker |
| title_fullStr | Competition and efficiency in a unified European banking market Jacob A. Bikker |
| title_full_unstemmed | Competition and efficiency in a unified European banking market Jacob A. Bikker |
| title_short | Competition and efficiency in a unified European banking market |
| title_sort | competition and efficiency in a unified european banking market |
| topic | Europäische Union (DE-588)5098525-5 gnd Bank / Wettbewerb / Finanzsektor / Industrieökonomik / Wirtschaftliche Effizienz / EU-Staaten Bank Banks and banking -- Europe Competition -- Europe Markteffizienz (DE-588)4125819-8 gnd Kreditwesen (DE-588)4032950-1 gnd Wettbewerb (DE-588)4065835-1 gnd |
| topic_facet | Europäische Union Bank / Wettbewerb / Finanzsektor / Industrieökonomik / Wirtschaftliche Effizienz / EU-Staaten Bank Banks and banking -- Europe Competition -- Europe Markteffizienz Kreditwesen Wettbewerb Europäische Union - Kreditwesen - Wettbewerb - Markteffizienz Europa |
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