Branch banking and the geography of bank pricing
Article Abstract:
The role of bank branching in mitigating localized market power by increasing the geographic scope of competition among banks was investigated. A theoretical model was developed for application to a local geographic area and the Bertrand equilibrium of bank pricing was derived. Empirical evidence suggests that bank branching tends to broaden competition in dense urban markets to outlying regions, increasing the effective size of banking markets. However, bank branching also allows some market power to be imported, albeit slightly, into competitive markets.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1998
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The direct costs of financial repression: evidence from India
Article Abstract:
An analysis of the financial repression in India reveals that it has a substantial direct effect on the financial development based on the level of interest rate. The study however, does not consider the effectiveness of the institution implementing economic policy and the institution may hold the determining factor in the success or failure of financial repression. The study offers insight on bank behavior during repression as well as providing insight on the relative effectiveness of repressionist policies.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1997
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Okun's coefficient: a comment
Article Abstract:
An analysis of the claim that the Okun coefficient linking unemployment changes to output changes in the US reveals that the coefficient is closer to the earlier estimate of -2.25 than the new estimate fining that the coefficient is only around -0.67. The new study was conducted by Martin Prachowny (1993) and the cointegration framework was used in assessing Prachowny's findings.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1997
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