Aspects économiques du droit de la concurrence appliqué aux activités bancaires
AbstractThis paper starts by reviewing the recent literature on antitrust laws in banking from the perspective of general economic analysis. We focus on the US experience for didactic reasons and as a background against which the Swiss case is discussed further on. After an introductory section, we examine some facts about the process of bank expansion, concentration and mergers in the US during the 1980s and 1990s, and then turn to the driving forces as well as the economic concepts used in assessing possible anticompetitive effects. A third section focuses on the origins and development of the legal framework of banking and competition policy. A brief fourth section summarizes the conclusions and lessons to be derived from the American experience. Finally, in a fifth section, we offer some reflections on the case of Switzerland, which appears to be the mirror image of the US as far as the legal, institutional and empirical aspects of the current situation are concerned. The paper concludes by expressing our confidence that future Swiss competition policy and antitrust legislation in banking will largely benefit from the economic knowledge accumulated on the subject, such as that pertaining to the US case.
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Bibliographic InfoPaper provided by Université de Lausanne, Faculté des HEC, DEEP in its series Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) with number 9818.
Length: 36 pages
Date of creation: Oct 1998
Date of revision:
Publication status: Published in Analyses et prévisions, Institut Créa, Université de Lausanne, automne 1998
Contact details of provider:
Postal: Université de Lausanne, Faculté des HEC, DEEP, Internef, CH-1015 Lausanne
Phone: ++41 21 692.33.64
Fax: ++41 21 692.33.05
Web page: http://www.hec.unil.ch/deep/publications/cahiers/series
More information through EDIRC
bank mergers and acquisitions; banking regulation; competition policy; antitrust laws;
Find related papers by JEL classification:
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2000-10-05 (All new papers)
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