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Banking antitrust: are the assumptions still valid?

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Author Info
R. Alton Gilbert
Adam M. Zaretsky

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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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Publisher 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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Related research
Keywords: Bank mergers

Cited by:
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  1. Elena Carletti & Philipp Hartmann & Steven Ongena, 2007. "The economic impact of merger control - what is special about banking?," Working Paper Series 786, European Central Bank. [Downloadable!]
  2. John A. Weinberg, 2005. "Banking markets in a decade of mergers : a preliminary examination of five North Carolina markets," Working Paper v. 91, no. 1, Federal Reserve Bank of Richmond. [Downloadable!]
  3. Richard J. Rosen, 2003. "Banking market conditions and deposit interest rates," Working Paper Series WP-03-19, Federal Reserve Bank of Chicago. [Downloadable!]
  4. 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, issue v. 94, no, pages 45-72. [Downloadable!]
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This page was last updated on 2008-10-9.


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