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This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1954.
Book Synopsis Monopoly and Competition in Banking by : David A. Alhadeff
Download or read book Monopoly and Competition in Banking written by David A. Alhadeff and published by Univ of California Press. This book was released on 2023-11-10 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1954.
This book emphasizes the evolution of the Federal Reserve from a competitive to a monopolistic structure.
Book Synopsis Competition and Monopoly in the Federal Reserve System, 1914-1951 by : Mark Toma
Download or read book Competition and Monopoly in the Federal Reserve System, 1914-1951 written by Mark Toma and published by Cambridge University Press. This book was released on 1997-05-08 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book emphasizes the evolution of the Federal Reserve from a competitive to a monopolistic structure.
Lenders can exploit households' payment data to infer their creditworthiness. When households value privacy, they then face a tradeoff between protecting such privacy and credit conditions. We study how the introduction of an informationally more intrusive digital payment vehicle affects households' cash use, credit access, and welfare. A tech monopolist controls the intrusiveness of the new payment method and manipulates information asymmetries among households and oligopolistic banks to extract data contracts that are more lucrative than lending on its own. The laissez-faire equilibrium entails a digital payment vehicle that is more intrusive than socially optimal, providing a rationale for regulation.
Book Synopsis Bank Competition and Household Privacy in a Digital Payment Monopoly by : Mr. Itai Agur
Download or read book Bank Competition and Household Privacy in a Digital Payment Monopoly written by Mr. Itai Agur and published by International Monetary Fund. This book was released on 2023-06-09 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lenders can exploit households' payment data to infer their creditworthiness. When households value privacy, they then face a tradeoff between protecting such privacy and credit conditions. We study how the introduction of an informationally more intrusive digital payment vehicle affects households' cash use, credit access, and welfare. A tech monopolist controls the intrusiveness of the new payment method and manipulates information asymmetries among households and oligopolistic banks to extract data contracts that are more lucrative than lending on its own. The laissez-faire equilibrium entails a digital payment vehicle that is more intrusive than socially optimal, providing a rationale for regulation.
Book Synopsis Non-par Banking by : Edward J. Stevens
Download or read book Non-par Banking written by Edward J. Stevens and published by . This book was released on 1998 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Many economists view competition among central banks as leading to an over-issue of money. This book challenges the conventional wisdom by showing that competition among Federal Reserve banks in the 1920s did not result in an over-issue problem. The US Congress imposed a more monopolistic structure on the Fed in the mid-1930s so that it could accomodate an increase in the revenue needs of the Treasury. This book is unique in emphasizing the evolution of the Fed's structure from a highly competitive one to a highly monopolistic one.
Book Synopsis Competition and Monopoly in the Federal Reserve System, 1914-1951 by : Mark Toma
Download or read book Competition and Monopoly in the Federal Reserve System, 1914-1951 written by Mark Toma and published by Cambridge University Press. This book was released on 2005-11-03 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many economists view competition among central banks as leading to an over-issue of money. This book challenges the conventional wisdom by showing that competition among Federal Reserve banks in the 1920s did not result in an over-issue problem. The US Congress imposed a more monopolistic structure on the Fed in the mid-1930s so that it could accomodate an increase in the revenue needs of the Treasury. This book is unique in emphasizing the evolution of the Fed's structure from a highly competitive one to a highly monopolistic one.
We study a monetary, general equilibrium economy in which banks exist because they provide intertemporal insurance to risk-averse depositors. A "banking crisis" is defined as a case in which banks exhaust their reserve assets. Under different model specifications, the banking industry is either a monopoly bank or a competitive banking industry. If the nominal rate of interest (rate of inflation) is below (above) some threshold, a monopolistic banking system will always result in a higher (lower) crisis probability. Thus, the relative crisis probabilities under the two banking systems cannot be determined independently of the conduct of monetary policy. We further show that the probability of a "costly banking crisis" is always higher under competition than under monopoly. However, this apparent advantage of the monopoly bank is due strictly to the fact that it provides relatively less valuable intertemporal insurance. These theoretical results suggest that banking system structure may matter for financial stability.
Book Synopsis Crisis in Competitive Versus Monopolistic Banking Systems by : Mr.Bruce D. Smith
Download or read book Crisis in Competitive Versus Monopolistic Banking Systems written by Mr.Bruce D. Smith and published by International Monetary Fund. This book was released on 2003-09-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study a monetary, general equilibrium economy in which banks exist because they provide intertemporal insurance to risk-averse depositors. A "banking crisis" is defined as a case in which banks exhaust their reserve assets. Under different model specifications, the banking industry is either a monopoly bank or a competitive banking industry. If the nominal rate of interest (rate of inflation) is below (above) some threshold, a monopolistic banking system will always result in a higher (lower) crisis probability. Thus, the relative crisis probabilities under the two banking systems cannot be determined independently of the conduct of monetary policy. We further show that the probability of a "costly banking crisis" is always higher under competition than under monopoly. However, this apparent advantage of the monopoly bank is due strictly to the fact that it provides relatively less valuable intertemporal insurance. These theoretical results suggest that banking system structure may matter for financial stability.
Book Synopsis Consolidation and Market Structure in Emerging Market Banking Systems by : Gaston Gelos
Download or read book Consolidation and Market Structure in Emerging Market Banking Systems written by Gaston Gelos and published by International Monetary Fund. This book was released on 2002 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
A competitive market is considered an ideal form of market while the concept of monopolistic competition is more realistic than perfect competition and pure monopoly. The study reviewed the extent of competitive condition of Nigerian banking sector for the period of 1986-2012. This period corresponds to a period characterized by substantial reform to restructure and consolidate the banking sector into a market-driven based economy, and to further liberalize and deregulate sufficiently the systems in order to integrate economically with the international financial market. With the adoption of concentration approach (Concentration ratio and Herfindahl-Herschman index - HHI), we discovered that the competitive behaviour of banks is not only related to the number of banks in a market or to their concentration but also related to other factors at work. Hence, the industry is heading towards monopolistic competitive condition. In our opinion, the more efficiency gains of bank competition could be realized if there is an even distribution of market share in the banking industry as opposed to the present situation where majorly three banks dominate and take the larger market share in the industry. This will help to improve the efficiency required to create a fully functional credit system as well as strengthen the effectiveness of monetary policy.
Book Synopsis Concentration and Competition in Nigerian Banking Industry by : Folorunsho Ajide
Download or read book Concentration and Competition in Nigerian Banking Industry written by Folorunsho Ajide and published by . This book was released on 2015 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: A competitive market is considered an ideal form of market while the concept of monopolistic competition is more realistic than perfect competition and pure monopoly. The study reviewed the extent of competitive condition of Nigerian banking sector for the period of 1986-2012. This period corresponds to a period characterized by substantial reform to restructure and consolidate the banking sector into a market-driven based economy, and to further liberalize and deregulate sufficiently the systems in order to integrate economically with the international financial market. With the adoption of concentration approach (Concentration ratio and Herfindahl-Herschman index - HHI), we discovered that the competitive behaviour of banks is not only related to the number of banks in a market or to their concentration but also related to other factors at work. Hence, the industry is heading towards monopolistic competitive condition. In our opinion, the more efficiency gains of bank competition could be realized if there is an even distribution of market share in the banking industry as opposed to the present situation where majorly three banks dominate and take the larger market share in the industry. This will help to improve the efficiency required to create a fully functional credit system as well as strengthen the effectiveness of monetary policy.
Book Synopsis Concentration and Competition in Commercial Banking by : Franklin R. Edwards
Download or read book Concentration and Competition in Commercial Banking written by Franklin R. Edwards and published by . This book was released on 1964 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:
An empirical analysis of competition in the Finnish banking industry since deregulation in the mid-1980s.
Book Synopsis Testing for Competition in Banking by : Jukka Vesala
Download or read book Testing for Competition in Banking written by Jukka Vesala and published by . This book was released on 1995 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: An empirical analysis of competition in the Finnish banking industry since deregulation in the mid-1980s.
