Evidence on competition in English commercial banking, 1920 1970
AbstractMany commentators have contended that British banking lacked competition for much of the twentieth century. This article examines a range of evidence relating to English clearing banks in the middle decades of the century, when the banking cartel was believed to be at its strongest. Data on interest rates charged and paid, rate spreads, profitability and expenses ratios, including new evidence from archival sources, are considered. Some propositions about cartels are supported, others contradicted, and some left unresolved. We conclude that the banking cartel can be described as soft , rather than hard that is, one which agreed strict output quotas and profits shares among its members.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Cambridge University Press in its journal Financial History Review.
Volume (Year): 11 (2004)
Issue (Month): 01 (April)
Contact details of provider:
Postal: The Edinburgh Building, Shaftesbury Road, Cambridge CB2 2RU UK
Fax: +44 (0)1223 325150
Web page: http://journals.cambridge.org/jid_FHRProvider-Email:email@example.com
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Mark Billings & Forrest Capie, 2011. "Financial crisis, contagion, and the British banking system between the world wars," Business History, Taylor & Francis Journals, vol. 53(2), pages 193-215.
- Bholat, David & Gray, Joanna, 2013. "Organizational form as a source of systemic risk," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 7(27), pages 1-35.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Keith Waters).
If references are entirely missing, you can add them using this form.