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Trade Policy and Market Structure Interactions in Developing Countries

International Monetary Fund - 1989

This paper shows that the presence of quotas on imported inputs that are based on installed capacity can lead to capacity underutilization in manufacturing industries of developing countries. A replacement of such quotas, by tariffs leads to full capacity utilization under assumptions of both...

Persistent link: https://www.econbiz.de/10014396017

Determinants of Interest Rate Pass-Through : Do Macroeconomic Conditions and Financial Market Structure Matter?

Gigineishvili, Nikoloz - 2011

Numerous empirical studies have found that the strength of the interest rate pass-through varies markedly across countries and markets. The causes of such heterogeneity have attracted considerably less attention so far. Unlike other studies that mainly focus on small groups of mostly developed...

Persistent link: https://www.econbiz.de/10014398656

Two-sided market, R&D and payments system evolution

Li, Bin; McAndrews, James Joseph; Wang, Zhu - 2019

It takes many years for more efficient electronic payments to be widely used, and the fees that merchants (consumers) pay for using those services are increasing (decreasing) over time. We address these puzzles by studying payments system evolution with a dynamic model in a twosided market...

Persistent link: https://www.econbiz.de/10012009590

The role of market structure and timing in determining VAT pass-through

Bellon, Matthieu; Copestake, Alexander - 2021

first extend existing theory to characterize the roles of imperfect competition and product differentiation, then … for product market regulation and product quality, and little impact of advance announcement of reforms. Our findings have …

Persistent link: https://www.econbiz.de/10012518847

Asymmetric Information and the Market Structure of the Banking Industry

Dell'Ariccia, Giovanni - 1998

The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather...

Persistent link: https://www.econbiz.de/10014399942

Bank Ownership, Market Structure and Risk

De Nicolò, Gianni - 2007

This paper presents a model of a banking industry with heterogeneous banks that delivers predictions on the relationship between banks'' risk of failure, market structure, bank ownership, and banks'' screening and bankruptcy costs. These predictions are explored empirically using a panel of...

Persistent link: https://www.econbiz.de/10014400121

Social Welfare and Cost Recovery in Two-Sided Markets

Bolt, Wilko - 2005

Using a simple model of two-sided markets, we show that, in the social optimum, platform pricing leads to an inherent cost recovery problem. This result is driven by the positive externality of participation that users on either side of the market exert on the opposite side. The contribution of...

Persistent link: https://www.econbiz.de/10014404197

Bank lobbying : regulatory capture and beyond

Igan, Deniz; Lambert, Thomas - 2019

In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the findings are consistent with regulatory capture, which...

Persistent link: https://www.econbiz.de/10012103556

Financial Regulation and the Current Account

Wieladek, Tomasz - 2012

This paper examines the relationship between financial regulation and the current account in an intertemporal model of … the current account where financial regulation affects the current account through liquidity constraints. Greater … liquidity constraints decrease the size and persistence of the current account response to a net output shock. The theory is …

Persistent link: https://www.econbiz.de/10014396600

Central Bank Independence and Macro-Prudential Regulation

Valencia, Fabian - 2012

We consider the optimality of various institutional arrangements for agencies that conduct macro-prudential regulation …

Persistent link: https://www.econbiz.de/10014396622