Assessing competitive conditions in the Greek banking system |
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Authors: | George Hondroyiannis Sarantis Lolos Evangelia Papapetrou |
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Institution: | a Economic Research Department, Bank of Greece, 21 El. Venizelou Str., 102 50 Athens, Greece;b Harokopio University, Athens, Greece;c Panteion University, Athens, Greece;d University of Athens, Athens, Greece |
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Abstract: | This paper uses the Rosse-Panzar statistic to assess empirically competitive conditions in the Greek banking system over the period 1993–1995. The competitiveness of the banking system is evaluated using a non-structural estimation technique. The results indicate that bank revenues were earned as if under conditions of monopolistic competition. The gradual elimination of exchange controls, the capital movement liberalisation, the enactment of the Second Banking Directive of the European Union and the supervisory arrangements have been related to the competitive conditions of the Greek banking system. |
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Keywords: | Competition Banking Liberalization |
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