 An impact analysis on the exemption of the banking sector from the merger control regime in TurkeyAydın Çelen and
Ekrem Kalkan
Iktisat Isletme ve Finans, 2013, vol. 28, issue 327, 09-30 Abstract: Turkish Banking Act exempts certain bank mergers from the Turkish merger control regime. With this legislation, a large number of the potential bank merger are exempted from obtaining the permission from the Turkish Competition Authority. Turkish Competition Authority and international organizations such as European Commission and OECD object strongly to this exemption. However, no impact analysis on the banking industry exemption has been worked so far neither by regulatory bodies nor academicians. The main motivation of this study is to carry out an impact analysis of the current legislation in order to contribute to the discussions on preserving or abolishing the banking industry exemption. For this aim, we estimate a discrete choice model of demand for loan services and run a series of simulations for hypothetical bank mergers. Our results witness that welfare decreasing effects of the bank mergers covered by the exemption are very low and can be tolerated. Keywords: Regulatory Impact Analysis (RIA); Antitrust; Banking; Merger; Simulation; Logit. (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:iif:iifjrn:v:28:y:2013:i:327:p:09-30 Ordering information: This journal article can be ordered from Access Statistics for this article Iktisat Isletme ve Finans is currently edited by Ali Bilge More articles in Iktisat Isletme ve Finans from Bilgesel Yayincilik |
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