Bank Competition In The Middle East And Northern Africa Region

Anzoategui, Diego; Pería, María Soledad Martínez; Rocha, Roberto

doi:10.1596/1813-9450-5363

Cited by 37 publications

(9 citation statements)

References 35 publications

(27 reference statements)

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“…Substantial barriers for market entry include high capital requirements and poor credit reporting systems that impede a proper evaluation of risk of potential borrowers. Countries where stock markets and other non-bank financial intermediaries play an important role tend to have more competition in the banking sector (Anzoategui et al, 2010).…”

Section: Banks and Stock Markets In Mena Countriesmentioning

confidence: 99%

Institutional Determinants of Financial Development in MENA countries

Cherif

Dreger

2016

Review Development Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. JEL: F15, G15, G28 Terms of use: Documents in

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Section: Banks and Stock Markets In Mena Countriesmentioning

confidence: 99%

Institutional Determinants of Financial Development in MENA countries

Cherif

Dreger

2016

Review Development Economics

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“…Third, as an alternative non-structural measure of competition, we calculate the Panzar and Rosse H-statistic. Finally, while Fungáčová et al (2010) simply compare the Lerner Index for Russia with other authors' estimates for European Union countries Maudos, 2007 andCabo-Valverde et al, 2009) and contrast the estimates for banks in Russia across ownership types, we conduct rigorous tests to evaluate Mkrtchyan (2005), which focuses on Armenia; Prasad and Ghosh (2005), which investigates the case of India; Mamatzakis et al (2005), Drakos and Konstantinou (2005), and Yildirim and Philippatos (2007) that study competition in Central and Eastern European countries; Levy Yeyati and Micco (2007), which analyzes banking competition in Latin America; and Anzoategui, Martínez Pería, and Rocha (2010) that focus on competition in the Middle East and North Africa region.…”

Section: Introductionmentioning

confidence: 99%

Banking sector competition in Russia

Melecký¹,

Pería

Anzoategui

2010

Policy Research Working Papers

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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

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“…As banks become more competitive (higher H-statistic), the narrower the relative price-cost mark-up (smaller Lerner index). A number of recent studies apply both approaches in measuring banking competition, one serving as robustness check to the other, see for instance, Sanya and Gaertner (2012), Kammoun and Ammar (2012) and Anzoategui et al (2010). In general, the two approaches offer plausible explanations of banking competitive performance (Cetorelli, 1999) and reinforce the understanding that perfect competition and monopoly are neither plausible practical outcomes of market conduct in the banking industry (Cetorelli, 2001).…”

Section: Review Of Selected Empirical Literaturementioning

confidence: 93%

Increased foreign bank presence, privatisation and competition in the Zambian banking sector

Simpasa¹

2013

Managerial Finance

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Access to this document was granted through an Emerald subscription provided by 405387 [] For AuthorsIf you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -This study aims to evaluate the degree of competition in the Zambian banking sector in the wake of dynamic market shifts induced by entry of new foreign banks and privatisation of the state-owned bank. Design/methodology/approach -Competition is measured using the Panzar-Rosse H-statistic and the Lerner index from 1998-2011. Findings -Results from the H-statistic show that Zambian banks earned their revenue under conditions of monopolistic competition. This finding is consistent with the estimate of the Lerner index which suggests that the degree of competitiveness may not be as low as previously understood. Risk taking, revenue diversity and regulatory intensity are all important determinants of market power. Tight monetary policy is also found to strengthen the banks' exercise of market power by expanding their holdings of Treasury securities. Generally, the findings lend support to previous research suggesting that foreign bank penetration and privatisation can heighten competitive pressures in the banking sector. Research limitations/implications -Due to data unavailability prior to 1998, the study does not establish whether or not the level of competition has changed since 1992 when financial sector reforms were initiated. Practical implications -The main policy lesson drawn from the analysis is that competitive conditions could be further enhanced by easing regulatory impediments and, in the long run, allowing more foreign bank participation could spur competitive conduct in the industry. Originality/value -To the author's knowledge, estimates of the time varying bank-specific Lerner index provide initial empirical evidence on competitive conduct of Zambian banks and how it has evolved over time.

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Bank Competition In The Middle East And Northern Africa Region

Cited by 37 publications

References 35 publications

Institutional Determinants of Financial Development in MENA countries

Institutional Determinants of Financial Development in MENA countries

Banking sector competition in Russia

Increased foreign bank presence, privatisation and competition in the Zambian banking sector

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