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Competition and Concentration in the New European Banking Landscape

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  • Christos K. Staikouras
  • Anastasia Koutsomanoli-Fillipaki

Abstract

"This paper measures the degree of concentration and competition in the enlarged European Union (EU) banking environment over the period 1998-2002. In the empirical part we opt for a methodology as proposed by Panzar and Rosse based on a non-structural estimation of market competition. Our results suggest that European banks were operating under conditions of monopolistic competition and that bank interest revenues in the 10 new EU member states was earned under conditions of higher competition than those that existed in the old EU banking countries. The opposite result was observed for total operating revenues. Smaller banks earn interest income in a less competitive environment than larger banks, while the opposite is observed for total revenues." Copyright Blackwell Publishers Ltd, 2006.

Suggested Citation

  • Christos K. Staikouras & Anastasia Koutsomanoli-Fillipaki, 2006. "Competition and Concentration in the New European Banking Landscape," European Financial Management, European Financial Management Association, vol. 12(3), pages 443-482.
  • Handle: RePEc:bla:eufman:v:12:y:2006:i:3:p:443-482
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    References listed on IDEAS

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    1. Yeyati, Eduardo Levy & Micco, Alejandro, 2007. "Concentration and foreign penetration in Latin American banking sectors: Impact on competition and risk," Journal of Banking & Finance, Elsevier, vol. 31(6), pages 1633-1647, June.
    2. Semih Yildirim & George C. Philippatos, 2003. "Competition And Contestability In Central And Eastern European Banking Markets," Finance 0310004, EconWPA.
    3. Jacob A. Bikker, 2004. "Competition and Efficiency in a Unified European Banking Market," Books, Edward Elgar Publishing, number 2830.
    4. Michel Boutillier & Jimmy Gaudin & Stéphanie Grandperrin, 2005. "La situation concurrentielle des principaux secteurs bancaires européens entre 1993 et 2000 : quels enseignements pour la future structure des marchés financiers issue de l'UEM ?," Revue d'Économie Financière, Programme National Persée, vol. 81(4), pages 15-42.
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