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Banking antitrust: are the assumptions still valid?

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  • R. Alton Gilbert
  • Adam M. Zaretsky

Abstract

In bank antitrust analyses, banking regulators rely on certain assumptions about products and services of banks, the markets in which they operate, competitors within those markets, and the effects of mergers or acquisitions on those markets. During the 1990s, financial innovation and changes in banking regulations changed the landscape in which banks compete. Consequently, the assumptions behind antitrust analyses have come into question. This article surveys recent studies relevant for assessing the validity of the assumptions that underlie banking antitrust. Most of the evidence supports the current assumptions; however, some of the evidence does call them into question.

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Bibliographic Info

Article provided by Federal Reserve Bank of St. Louis in its journal Review.

Volume (Year): (2003)
Issue (Month): Nov ()
Pages: 29-52

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Handle: RePEc:fip:fedlrv:y:2003:i:nov:p:29-52:n:v.85no.6

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Keywords: Bank mergers;

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Citations

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Cited by:
  1. Kris James Mitchener & David C. Wheelock, 2010. "Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets," NBER Working Papers 15710, National Bureau of Economic Research, Inc.
  2. John R. Walter & Patricia E. Wescott, 2008. "Antitrust analysis in banking : goals, methods, and justifications in a changed environment," Economic Quarterly, Federal Reserve Bank of Richmond, Federal Reserve Bank of Richmond, issue Win, pages 45-72.
  3. David C. Wheelock, 2011. "Banking industry consolidation and market structure: impact of the financial crisis and recession," Review, Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, issue Nov, pages 419-438.
  4. Carletti, Elena & Hartmann, Philipp & Ongena, Steven, 2007. "The economic impact of merger control: what is special about banking?," Working Paper Series, European Central Bank 0786, European Central Bank.
  5. Rosen, Richard J., 2007. "Banking market conditions and deposit interest rates," Journal of Banking & Finance, Elsevier, Elsevier, vol. 31(12), pages 3862-3884, December.
  6. Georgios E. Chortareas & Claudia Girardone & Jesus Gustavo Garza-Garcia, 2010. "Banking Sector Performance in Some Latin American Countries: Market Power versus Efficiency," Working Papers, Banco de México 2010-20, Banco de México.
  7. Michiel Bijlsma & Andrei Dubovik, 2014. "Banks, Financial Markets and Growth in Developed Countries: a Survey of the empirical literature," CPB Discussion Paper 266, CPB Netherlands Bureau for Economic Policy Analysis.
  8. Bos Jaap W.B. & Ling Chan Yee & Kolari James W & Yuan Jiang, 2010. "Competition and Critical Mass," Research Memorandum 063, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  9. Ion Lapteacru, 2012. "Assessing lending market concentration in Bulgaria: the application of a new measure of concentration," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 9(1), pages 79-102, April.
  10. Mariarosaria Agostino & Francesco Trivieri, 2010. "Is banking competition beneficial to SMEs? An empirical study based on Italian data," Small Business Economics, Springer, Springer, vol. 35(3), pages 335-355, October.
  11. Andréas Heinen & Malika Hamadi & Guillermo Baquero, 2013. "Competition, Loan Rates and Information Dispersion in Microcredit Markets," Working Paper CRENoS 201314, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
  12. Agostino, Mariarosaria & Gagliardi, Francesca & Trivieri, Francesco, 2010. "Credit market structure and bank screening: An indirect test on Italian data," Review of Financial Economics, Elsevier, Elsevier, vol. 19(4), pages 151-160, October.
  13. Trivieri, Francesco, 2007. "Does cross-ownership affect competition?: Evidence from the Italian banking industry," Journal of International Financial Markets, Institutions and Money, Elsevier, Elsevier, vol. 17(1), pages 79-101, February.
  14. David C. Wheelock & Paul Wilson, 2008. "Are credit unions too small?," Working Papers, Federal Reserve Bank of St. Louis 2008-033, Federal Reserve Bank of St. Louis.
  15. David C. Wheelock & Paul Wilson, 2009. "Robust, dynamic nonparametric benchmarking: the evolution of cost-productivity and efficiency among U.S. credit unions," Working Papers, Federal Reserve Bank of St. Louis 2009-008, Federal Reserve Bank of St. Louis.
  16. David C. Wheelock & Paul Wilson, 2009. "Are U.S. banks too large?," Working Papers, Federal Reserve Bank of St. Louis 2009-054, Federal Reserve Bank of St. Louis.

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