Handbook of competition in banking and finance /
edited by Jacob A. Bikker, Laura Spierdijk.
- X, 408 pages: illustrations; 25 cm.
Includes bibliographical references and index
Contents:
Part I. Measurement of financial-sector competition 1. Market power: competition among measures Sherrill Shaffer and Laura Spierdijk
2. The Panzar–Rosse revenue test and market power in banking: an empirical illustration Sherrill Shaffer and Laura Spierdijk
3. Adapting conjectural variations methods to banking competition Bastiaan Overvest
4. Bank risk and competition: the other side of the story Laura Spierdijk and Michalis Zaouras
5. Banking competition, concentration and critical mass: why the Herfindahl–Hirschman Index is a biased competition measure Jaap W.B. Bos, Yee Ling Chan, James W. Kolari and Jiang Yuan
Part II. Empirical results on competition in banking and insurance 6. Global developments in banking competition Martien Lamers and Victoria Purice
7. Competition in the European banking markets in the aftermath of the financial crisis Juan Fernández de Guevara and Joaquín Maudos
8. Banking competition in China Zuzana Fungáčová and Laurent Weill
9. Performance of the life insurance industry under pressure: efficiency, competition, and consolidation Jacob A. Bikker
Part III. Spill-overs of financial-sector competition 10. Bank competition and financial stability Allen N. Berger, Leora F. Klapper and Rima Turk-Ariss
11. Measuring agency costs and the value of investment opportunities of U. S. bank holding companies with stochastic frontier estimation Joseph P. Hughes, Loretta J. Mester and Choon‐Geol Moon
12. Banking competition and economic growth Paolo Coccorese
13. Shadow banking and competition: decomposing market power by activity Daniele Titotto and Steven Ongena
14. Banking competition and interest rate pass-through Stephanie Kleimeier and Harald Sander
Part IV. Competition in banking submarkets and subsectors 15. SME business loans Richard J. Rosen and Gregory F. Udell
16. Competition and price conduct by bank service line Wilko Bolt and David Humphrey
17. Competition and contestability in bank retail markets Reint Gropp and Christoffer Kok
18. Bank market power and loan growth Manthos D. Delis, Iftekhar Hasan, Sotirios Kokas, Liuling Liu and Nikolaos Mylonidis
Index
For academics, regulators and policymaker alike, it is crucial to measure financial sector competition by means of reliable, well-established methods. However, this is easier said than done. The goal of this Handbook is to provide a collection of state-of-the-art chapters to address this issue. The book consists of four parts, the first of which discusses the characteristics of various measures of financial sector competition. The second part includes several empirical studies on the level of, and trends in, competition across countries. The third part deals with the spillovers of market power to other sectors and the economy as a whole. Finally, the fourth part considers competition in banking submarkets and subsectors.--