Why do large U.S. banks outperform their European counterparts?
The strategies and financial ratios of the three largest banks in the US, UK, Germany and Switzerland are examined to determine why bank profitability ratios in the US and UK are greater than in the other two countries. The study consists of structured interviews with bank executives and stock analysts and analysis of the banks' annual reports. Results show that the high profitability of US and UK banks is mainly due to good economic conditions in these countries, higher taxes in Germany and the lack of concern for shareholder returns at the German and Swiss banks' executive management level.
Publication Name: Studies in Economics and Finance
The determinants of optimal interchange fees in payment systems
A new card payment system for similar mindset consumers and merchants in competitive markets is presented. The model focuses on optimal fee payment charges of both customers and merchants.
Publication Name: Journal of Industrial Economics
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