Challenges in the Era of Globalization - iaabd

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Proceedings of the 12th Annual Conference © 2011 IAABD 15 countries due to data availability. We applied the famous Panzar-Ross methodology to estimate the degree of competitiveness resulting in H-statistic, which was in turn related to concentration index, contestability indicators, bank specific and the level of general economic development. The findings indicate that the banking system in Africa can best be described as monopolistically competitive. The traditional concentration index has significant influence on competitive bank behaviour. Furthermore, there is also cross-country evidence that the markets are contestable. Lesser barriers to entry and fewer restrictions on banks activities to engage in investment banking, real estate and insurance businesses heighten competitive behaviour of banks. Additionally, foreign banks’ penetration and regulations that deny applications to entry by foreign banks play significant impact on the degree of competitive bank behaviour. Thus, in order to enhance competitive bank behaviour, restrictions that limit banks’ ability to engage and diversify their operations into other areas must be minimized, and granting permissions for applications to entry into banking business must be encouraged. References Al-Muharrami, S., Matthews, K. and Khabari, Y., (2006). Market structure and competitive conditions in the Arab GCC banking system. Journal of Banking and Finance 30, 3487-3501. Barth, J. R., Caprio, G. Jr., & Levine, R. (2007). The Regulation and Supervision of Banks Around the World: A New Database. World Bank Policy Research Working Paper No. WPS 2588. Baumol, William J., John C. Panzar, and Robert D. Willig. (1982). Contestable Markets and the Theory of Industry Structure. San Diego, CA: Harcourt Brace Jovanovich Beck, T., Demirguc-Kunt, A. and Levine R. (2003). “Bank Concentration and Crises.” Working Paper, World Bank. Beck, H and Hess, H. (2006). Bank efficiency and market structure: why are interest spreads so high in Uganda, Discussion Papers No. 277, Department of Economics Bikker, J. and Haaf, K., (2002). Competition, concentration and their relationship: An empirical analysis of the banking industry. Journal of Banking and Finance 26, 2191-2214. Bikker, J.A., Spierdijk, L. and Finnie P. (2007). The impact of market structure, contestability and institutional environment on banking competition. DNB Working Paper 156, De Nederlandsche Bank, Amsterdam. Bresnahan, T. F. (1982). The oligopoly solution concept is identified. Economic Letters, 10, 87–92. Buchs, T., & Mathisen J. (2005). Competition and Efficiency in Banking: Behavioral Evidence from Ghana, IMFWorking Paper No. 05/17 (Washington: International Monetary Fund). Casu, B.,&Girardone, C. (2006). Bank competition and efficiency in the single European market. The Manchester School, 74(4), 441–468. Claessens, S. and Laeven, L., (2004). What drives bank competition? Some international evidence? Journal of Money, Credit, and Banking, 36, 562-583. De Bandt, O. and Davis, P.E., (2000). Competition, contestability and market structure in European banking sectors on the eve of EMU. Journal of Banking and Finance 24, 1045-1066. Gelos, G. and Roldós, J., (2004). Consolidation and market structure in emerging market systems. Emerging Markets Review 5, 39-59. Flamini V., McDonald, C. and Schumacher, L., (2009). The Determinants of Commercial Bank Profitability in Sub-Saharan Africa, IMF WP/09/15 Hauner, D. Peiris, S. (2005). Bank Efficiency and Competition in Low-Income Countries: The Case of Uganda, IMF Working Paper No. 05/240, International Monetary Fund. Jansen, D., and De Haan J., (2003) “Increasing Concentration in European Banking: A Macrolevel Analysis” De Nederlandsche Bank Research Department, Research Memorandum WO no. 743. Lau, L. J. (1982). On identifying the degree of competitiveness from industry price and output data. Economics Letters, 10, 93–99. Martinez Peria, M.S. and A. Mody (2004). How foreign participation and market concentration impact bank spreads: evidence from Latin America. Journal of Money, Credit and Banking 36, 511-537. 40
Challenges in the Era of Globalization Edited by Emmanuel Obuah Molyneux, P., Lloyd-Williams, D.M., and Thornton, J., (1994). Competitive condition in European banking. Journal of Banking and Finance 18, 445-459. Nannyonjo, J., (2002), “Financial Sector Reforms in Uganda (1990-2000): Interest Rate Spreads, Market Structure, Bank Performance and Monetary Policy”, Unpublished thesis, Kompendiet-Goteborg, Sweden. Nathan, A. and Neave, E. H., (1989). Competition and contestability in Canada’s financial system: empirical results. The Canadian Journal of Economics 22 (3), 576-594. Okeahalam, C.C. (1998) “An Analysis of the Price-Concentration Relationship in the Botswana Commercial Banking Industry.” Journal of African Finance and Economic Development. No. 3, 65-84 Panzar, J. and Rosse, J., (1987). Testing for ‘monopoly’ equilibrium, The Journal of Industrial Economics, 35(4), 443-456. Neumark, D., & Sharpe, S. A. (1992). Market structure and the nature of price rigidity: Evidence from the market for consumer deposits. Quarterly Journal of Economics, 107, 657–680. Shaffer, Sherrill. (1982). “A Non-Structural Test for Competition in Financial Markets.” In Bank Structure and Competition. Conference Proceedings, Federal Reserve Bank of Chicago, 225-243. Shaffer, Sherrill. (1989). “Competition in the U.S. Banking Industry.” Economics Letters 29, 321-323. Shaffer, S. (1993): “A test of competition in Canadian banking.” Journal of Money, Credit and Banking 25, 49-61. Turk-Ariss, R., (2009). Competitive behavior in Middle East and North Africa banking systems. The Quarterly Review of Economics and Finance 49, 693-710. Vivex, Xavier (2001), Competition in the Changing World of Banking, Oxford Review of Economic Policy 17, 535-45. 41
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Challenges in the Era of Globalizat
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Table of Contents Challenges in the
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Abstract Land Based Sources of Poll
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Abstract On the Mitigation of Rever
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Assessment of pollutants in nigeria
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Figure 1: Lagos off shore survey po
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Abstract Challenges in the Era of G
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Table: Model Fitness Regression Sta
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Conclusion Challenges in the Era of
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37. Provision of sound education fo
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The cost structure Challenges in th
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Variable Coefficient Std. Error t-S
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Abstract The Changing Requirements
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The Model, Data and Variable Defini
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Empirical results Challenges in the
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Abstract Gender, poverty and sustai
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Figure 1.1: Spread of directorships
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Theoretical Framework Challenges in
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Single 18.1 Masters and above 35.3
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Source: Field survey, 2010 Table 3:
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Track 9: Global Studies and Politic
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Conceptual Definitions Challenges i
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Conclusions and Implications Challe
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Abstract Exploring Organisational R
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district hospitals: Evidence from N
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Defining the Organisational Culture
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Table 1: A Summary of Operating Ban
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Discussion and Conclusion Challenge
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Abstract What does Globalization me
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Research Methods approach Challenge
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Statement of the Problem Challenges
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Convenient location of banks Challe
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Figure 1.Framework for Bank selecti
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Banks in Ghana Challenges in the Er
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References: Challenges in the Era o
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Figure 5: Causal loop diagram inclu
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The study seeks to: • examine typ
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Figure 2: Customer Perception of MT
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Relationship Commitment Total 1264.
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Figure 1: Components of Data Analys
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Abstract Marketing Nigerian medicin
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Conclusion Dissatisfied 6 3.4 3.6 7
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Abstract Customer satisfaction with
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Methodology Challenges in the Era o
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Discussion Challenges in the Era of
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Postgraduate 19 Internet experience
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GOVERNMENT MoFED SECTORS Structure
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Figure1.1Inflation and Indexation R
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Football Spectatorship Challenges i
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