Financial Liberalization and Competition in Banking: an Empirical Investigation

Sigal Ribon and O. Yosha

Working Papers from Tel Aviv

Abstract: We ask whether Israeli banks lost market power as a consequence of financial liberalization, despite the fact that the banking industry remained highly concentrated. We estimate a "monopoly power" conduct parameter and a "monopsony power" conducte parameter, jointly, for the non-indexed local currency loan and deposit markets, building on the method developed in Bresnahan (1982, 1989), Porter (1983), and Lee and Porter (1984).

Keywords: BANKS; COMPETITION; MARKET STRUCTURE (search for similar items in EconPapers)
JEL-codes: F36 G21 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1999
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Citations: View citations in EconPapers (12)

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Working Paper: Financial Liberalization and Competition in Banking: An Empirical Investigation (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:teavfo:23-99

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