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Title: What are the driving forces of bank competition across different income groups of countries?
Authors: Mirzaei, A
Moore, T
Keywords: Bank competition;Lerner index;Boone indicator;Market structure;Bank regulations
Issue Date: 2014
Publisher: Elsevier
Citation: Journal of International Financial Markets, Institutions and Money, 32: 38 - 71, ( September 2014)
Abstract: This paper rigorously investigates the determinants of bank competition for 146 countries over the sample period 1999–2011. The results employing both the Lerner index and the Boone indicator, reveal the distinctive characteristics of the competition drivers across different income groups of countries. Amongst other things, a concentrated banking system jeopardises competitiveness in developing economies, however, such a causal nexus is absent for advanced and emerging economies. Contestability and institutional development seem to boost competition in less-developed banking systems, whereas inter-industry competition and financial freedom are beneficial to advanced banking systems. These findings survive robustness tests.
Description: This article has been made available through the Brunel Open Access Publishing Fund.
ISSN: 1042-4431
Appears in Collections:Brunel OA Publishing Fund
Dept of Economics and Finance Research Papers

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