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Competition in Spanish Banking

Author

Listed:
  • Caminal, Ramon
  • Gual, Jordi
  • Vives, Xavier

Abstract

We assess the state of competition in the Spanish banking system at the dawn of the integration of the European financial market. Banking in Spain has undergone a strong liberalization process in the last fifteen years, which has accelerated recently, evolving from a situation of tight regulation and protection from competition. The outcome of this process is a changing sector in which the recent merger attempts are the most visible phenomena. In the paper we analyze the recent history of the industry as well as the current situation by using the tools of both finance and industrial organization. Our objectives are to provide basic evidence, pose some fundamental issues and problems, survey, and extend wherever possible the existing work, and try to draw a coherent picture of Spanish banking.

Suggested Citation

  • Caminal, Ramon & Gual, Jordi & Vives, Xavier, 1989. "Competition in Spanish Banking," CEPR Discussion Papers 314, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:314
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    Citations

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    Cited by:

    1. Gary C. Zimmerman, 1995. "Implementing the single banking market in Europe," Economic Review, Federal Reserve Bank of San Francisco, pages 35-51.
    2. Honohan, Patrick*Vittas, Dimitri, 1996. "Bank regulation and the network paradigm : policy implications for developing and transition economies," Policy Research Working Paper Series 1631, The World Bank.
    3. Alfredo Martin-Oliver & Vicente Salas-Fumas & Jesús Saurina, 2008. "Search Cost and Price Dispersion in Vertically Related Markets: The Case of Bank Loans and Deposits," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 33(4), pages 297-323, December.
    4. Batiz-Lazo, Bernardo & Maixe-Altes, J. Carles, 2006. "Organisational change and the computerisation of British and Spanish savings banks, 1965-1985," MPRA Paper 804, University Library of Munich, Germany.
    5. Batiz-Lazo, Bernardo & Maixe-Altes, J. Carles, 2008. "Organisational change and the computerisation of British and Spanish savings banks, circa 1965-1985," MPRA Paper 14479, University Library of Munich, Germany.
    6. Manuel Espitia Escuer & Yolanda Polo Redondo & Vicente Salas Fumas, 1991. "Estructura de los mercados geográficos, comportamiento y resultados de la Cajas de Ahorros en España," Investigaciones Economicas, Fundación SEPI, vol. 15(3), pages 671-700, September.
    7. Centeno, Mario & Mello, Antonio S., 1999. "How integrated are the money market and the bank loans market within the European Union?," Journal of International Money and Finance, Elsevier, vol. 18(1), pages 75-106, January.
    8. Salas, Vicente & Saurina, Jesus, 2003. "Deregulation, market power and risk behaviour in Spanish banks," European Economic Review, Elsevier, vol. 47(6), pages 1061-1075, December.
    9. Ana Lozano-Vivas & Miguel Meléndez-Jiménez & Antonio Morales, 2011. "With whom to merge? A tale of the Spanish banking deregulation process," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 2(2), pages 159-184, June.
    10. Ana Lozano-Vivas & Miguel A. Meléndez-Jímenez & Antonio J. Morales, 2010. "Whom to Merge with? A Tale of the Spanish Banking Deregulation Process," Working Papers 2010-03, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center.
    11. Grifell-Tatje, E. & Lovell, C. A. Knox, 2004. "Decomposing the dividend," Journal of Comparative Economics, Elsevier, vol. 32(3), pages 500-518, September.

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    Keywords

    Banking; Commercial Banks; Financial Markets; Spain;

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