Monetary policy and market power in banking

被引：11

作者：

Toolsema, LA ^{[1
]}

机构：

[1] Univ Groningen, Dept Econ, NL-9700 AV Groningen, Netherlands

来源：

JOURNAL OF ECONOMICS-ZEITSCHRIFT FUR NATIONALOKONOMIE | 2004年 / 83卷 / 01期

关键词：

banks; monetary policy; market power; spatial competition;

D O I：

10.1007/s00712-003-0063-5

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Applying a spatial competition model to banking, we analyze the effects of the choice of a monetary policy rule by the central bank on banks' market power as measured by the Lerner index. We show that a procyclical monetary policy may reinforce the countercyclical movement of the Lerner index. That is, this measure of competitiveness of the banking sector may Vary more over the business cycle due to the monetary policy rule.

引用

页码：71 / 83

页数：13

共 16 条

[1]

Aftalion F., 1977, Journal of Banking and Finance, V1, P349, DOI [10.1016/0378-4266(77)90009-7, DOI 10.1016/0378-4266(77)90009-7]

[2] Bank competition and ECB's monetary policy [J].

Bagliano, FC ;

Dalmazzo, A ;

Marini, G .

JOURNAL OF BANKING & FINANCE, 2000, 24 (06) :967-983

[3] SPATIAL COMPETITION IN THE BANKING SYSTEM - LOCALIZATION, CROSS SUBSIDIES AND THE REGULATION OF DEPOSIT RATES [J].

CHIAPPORI, PA ;

PEREZ-CASTRILLO, D ;

VERDIER, T .

EUROPEAN ECONOMIC REVIEW, 1995, 39 (05) :889-918

[4] Conduct parameters and the measurement of market power [J].

Corts, KS .

JOURNAL OF ECONOMETRICS, 1999, 88 (02) :227-250

[5]

Freixas X., 1997, MICROECONOMICS BANKI

[6]

Lerner A.P., 1934, REV ECON STUD, V1, P157, DOI DOI 10.2307/2967480

[7]

LUCAS RE, 1973, AM ECON REV, V63, P326

[8]

ROTEMBERG JJ, 1986, AM ECON REV, V76, P390

[9] MONOPOLISTIC COMPETITION WITH OUTSIDE GOODS [J].

SALOP, SC .

BELL JOURNAL OF ECONOMICS, 1979, 10 (01) :141-156

[10] Banking regulation and competition with product differentiation [J].

Schargrodsky, E ;

Sturzenegger, F .

JOURNAL OF DEVELOPMENT ECONOMICS, 2000, 63 (01) :85-111

← 1 2 →