| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2341 |
| DP2341 Targeting Nominal Income Growth or Inflation? | |
| Henrik Jensen | |
| 发表日期 | 1999-12-17 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | This paper analyzes the impact of deregulation and market integration policies on the structure of European banking markets. It argues that whether European integration will lead to large increases in EU-wide concentration will depend on the extent to which competition in banking is based on endogenous sunk costs or, alternatively, on variable costs and exogenous sunk costs. The paper also highlights the role of own funds as a source of endogenous increasing returns. Finally, it proposes an empirical test of the dominant form of competition. This procedure is applied to data for eleven EU countries during the period 1981-1995. |
| 主题 | Industrial Organization |
| 关键词 | Banking Deregulation Europe Integration |
| URL | https://cepr.org/publications/dp2341 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531431 |
| 推荐引用方式 GB/T 7714 | Henrik Jensen. DP2341 Targeting Nominal Income Growth or Inflation?. 1999. |
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