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Antitrust analysis in banking : goals, methods, and justifications in a changed environment

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  • John R. Walter
  • Patricia E. Wescott

Abstract

During recent decades banking markets have changed considerably. Nevertheless, banking antitrust analysis continues to follow the same basic philosophy laid down 40 years ago by the Supreme Court. Does the change in banking markets imply the need to alter antitrust analysis in banking? This article reviews the methods of antitrust analysis and discusses justifications for them. The article concludes that the means of analysis continues to make sense regardless of a changed environment.

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Bibliographic Info

Article provided by Federal Reserve Bank of Richmond in its journal Economic Quarterly.

Volume (Year): (2008)
Issue (Month): Win ()
Pages: 45-72

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Handle: RePEc:fip:fedreq:y:2008:i:win:p:45-72:n:v.94no.1

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Keywords: Banks and banking ; Antitrust law;

References

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  1. Allen N. Berger & Astrid A. Dick, 2007. "Entry into Banking Markets and the Early-Mover Advantage," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(4), pages 775-807, 06.
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  9. Berger, Allen N & Udell, Gregory F, 1995. "Relationship Lending and Lines of Credit in Small Firm Finance," The Journal of Business, University of Chicago Press, vol. 68(3), pages 351-81, July.
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  11. DeYoung, Robert & Frame, W. Scott & Glennon, Dennis & McMillen, Daniel P. & Nigro, Peter, 2008. "Commercial lending distance and historically underserved areas," Journal of Economics and Business, Elsevier, vol. 60(1-2), pages 149-164.
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  13. R. Alton Gilbert & Adam M. Zaretsky, 2003. "Banking antitrust: are the assumptions still valid?," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 29-52.
  14. Geoffrey R. Gerdes & Jack K. Walton II & May X. Liu & Darrel W. Parke, 2005. "Trends in the use of payment instruments in the United States," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Spr, pages 180-201.
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Cited by:
  1. David VanHoose, 2008. "Policy Implications of Endogenous Sunk Fixed Costs in Banking: Has U.S. Antitrust Policy Been on the Wrong Track?," NFI Policy Briefs 2008-PB-06, Indiana State University, Scott College of Business, Networks Financial Institute.

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