The Degree of Competition in the Thai Banking Industry before and after the East Asian Crisis

Koji Kubo

No 56, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

Abstract: This paper analyzes the influence of the East Asian crisis and the subsequent reforms on the oligopolistic nature of the Thai banking industry. Since the crisis, there have been substantial changes in competitive environment, including a decline in the family ownership of banks as well as the arrival of new entrants. How did these changes affect a banking industry in which the six largest local banks accounted for over 70 percent of market share? The estimated Lerner index from Bresnahan's [1989] conjectural variation model indicates the possibility of a decline in the degree of competition.

Keywords: Thai banking industry; Degree of competition; Lerner index; Banks; Financial crises; Thailand; 銀行; 金融危機; タイ (search for similar items in EconPapers)
JEL-codes: G21 L13 (search for similar items in EconPapers)
Date: 2006-03-01
New Economics Papers: this item is included in nep-ban, nep-com, nep-cse, nep-his and nep-sea
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Citations: View citations in EconPapers (9)

Published in IDE Discussion Paper = IDE Discussion Paper, No. 56. 2006-03-01

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