An Assessment of Competition in the Portuguese Banking System in the 1991-2004 Period
AbstractThe purpose of the present paper is to assess the competitive behaviour of Portuguese banking groups during the period ranging from 1991 to 2004, using the non-structural test developed by Panzar and Rosse. The main findings are that the Portuguese banking system has experienced weak competition between 1991 and 1996, underwent a period of restructuring until 2000, and from then until 2004 behaved consistently with perfect competition. Both private and, more markedly, domestic banks, seem to have competed more aggressively on occasions, and no relationship between competitive behaviour and bank size was identified.
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Bibliographic InfoPaper provided by Banco de Portugal, Economics and Research Department in its series Working Papers with number w200901.
Date of creation: 2009
Date of revision:
Find related papers by JEL classification:
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
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- Diana Bonfim & Qinglei Dai & Francesco Franco, 2009. "The Number of Bank Relationships, Borrowing Costs and Bank Competition," Working Papers w200912, Banco de Portugal, Economics and Research Department.
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