Competitive conditions in european banking
Competitive conditions in european banking
复制标题
欧洲银行业的竞争条件
DOI：
10.1016/0378-4266(94)90003-5
复制
发表时间：
1994
影响因子：
3.7
通讯作者：
John Thornton
中科院分区：
文献类型：
--
作者：
P. Molyneux;D. Lloyd;John Thornton
在本文中，我们利用 Rosse-Panzar 统计数据来评估 1986 年至 1989 年间主要欧共体银行市场的竞争状况。尽管近年来欧共体银行业立法规定了相对自由地进入成员国银行系统，但我们的结果表明 1986 年至 1989 年间银行的市场行为没有变化。结果表明，德国、英国、法国和西班牙的银行在此期间获得了仿佛在垄断竞争条件下的收入。就意大利而言，它们与银行在垄断或推测变化的短期寡头垄断条件下赚取收入是一致的。我们将结果解读为欧共体银行市场缺乏一体化，因此强调了第二银行指令、相关监管安排以及取消资本管制对于实现全面一体化的重要性。
In this paper we utilise the Rosse-Panzar statistic to assess competitive conditions in major EC banking markets between 1986 and 1989. Although EC banking legislation has established relatively free access to member country banking systems in recent years, our results indicate no change in market conduct of banks between 1986 and 1989. The results suggest that banks in Germany, the United Kingdom, France and Spain earned revenues as if under conditions of monopolistic competition in the period. In the case of Italy, they are consistent with banks having earned revenues as if under monopoly or conjectural variations short-run oligopoly conditions. We interpret the results as indicative of a lack of integration in EC banking markets and they thus underline the importance of the Second Banking Directive, the associated supervisory arrangements, and the elimination of capital controls as to achieving full integration.