Competition in the financial sector, as in other sectors, matters for allocative, productive, and
dynamic efficiency. Theory suggests, however, that unfettered competition is not necessarily …

Against a background of far-reaching structural change in the banking sector, this article
reviews the recent academic literature on developments in European banking. European …

This paper documents large cross-country variation in the relationship between bank
competition and bank stability and explores market, regulatory and institutional features that …

Using bank-level data, we apply the Panzar and Rosse (1987) methodology to estimate the
extent to which changes in input prices are reflected in revenues earned by specific banks in …

This paper examines the impact of bank regulations, market structure, and national
institutions on bank net interest margins and overhead costs using data on over 1,400 banks …

This paper investigates how different degrees of market power affect bank efficiency and
stability in the context of developing economies. It sheds light on the competition-stability …

Using multi-year, firm-level surveys for 53 countries, this paper explores the impact of bank
competition on firms' access to finance. We find that low competition, as measured by high …

The quiet life hypothesis posits that firms with market power incur inefficiencies rather than
reap monopolistic rents. We propose a simple adjustment to Lerner indices to account for …

In the 1990s, Latin American banking sectors experienced an accelerated process of
concentration and foreign penetration that prompted diverse views regarding its implications …

This book provides a compendium to the empirical work investigating the hypotheses
generated by recent banking theory. Such a compendium is overdue. Since the publication …