Market Share Dynamics and Instruments of Competition in the Portuguese Deposits Market

Paulo Soares Pinho

Chapter 5 in Strategic Challenges in European Banking, 2000, pp 112-120 from Palgrave Macmillan

Abstract: Abstract Portugal has a long tradition of administrative restrictions on banking activity. Until 1986 all deposit and lending interest rates were set by authorities, entry to the market was simply banned, opening of new branches depended on the central bank’s authorisation, and all but three small institutions were owned by the government. This institutional framework led to a situation of virtually no competition in the market.

Keywords: Interest Rate; Market Share; Central Bank; Switching Cost; Money Market (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37736-3_5

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DOI: 10.1057/9780230377363_5

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