Publication
Competition in portuguese commercial banking
| Summary: | We assess the impact of Portugal’s recent banking liberalization on competition. We depart from the existing literature and test for competition on both the deposits and loans markets. We focus on the period after interest rate liberalization and show that competition increased mainly as a result of the changes in the deposits market. Furthermore, we show that, in the loans market, bank conduct was significantly more collusive than Nash behavior. |
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| Main Authors: | Barros, Pedro Pita |
| Other Authors: | Leite, António Nogueira |
| Year: | 1996 |
| Country: | Portugal |
| Document type: | article |
| Access type: | open access |
| Associated institution: | Universidade Católica Portuguesa |
| Language: | English |
| Origin: | Economia |
| Summary: | We assess the impact of Portugal’s recent banking liberalization on competition. We depart from the existing literature and test for competition on both the deposits and loans markets. We focus on the period after interest rate liberalization and show that competition increased mainly as a result of the changes in the deposits market. Furthermore, we show that, in the loans market, bank conduct was significantly more collusive than Nash behavior. |
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