Gelişmekte olan ülkelerin önemli sorunlarından biri bankacılık sektörünün finansal bozulmalar karşısında zayıf, kırılgan ve istikrarsız bir yapıya sahip olmasıdır. Bu sorun, faiz kur riskleri yeterli sermayeye olmayan bankaları sistematik olarak etkilemektedir. Yükselen ekonomilerden Türkiye, 2001 yılında Cumhuriyet tarihinin en büyük krizini yaşamış Türk sektörü derinden sarsılmıştır. Yaşanan ...

Despite core banking, banks also engage in off-balance-sheet (OBS) market activities. In many developed banking industries, OBS activities have grown to be significant during the last two decades. This paper provides rather scarce evidence on competitiveness among for and its impact degree of sector competition Sri Lanka. Panzar-Ross H statistic approach employing this study estimate bank used ...

Cellular phone carriers typically offer complicated nonlinear tariffs. Consumers make a discrete choice among several rate plans. Each plan has a nonlinear price schedule, and price is usually lower for in-network calls. I present an empirical framework to estimate demand under such nonlinear pricing schemes by using parsimonious data and apply the estimation method to analyze the cellular phon...

Bank of Canada discussion papers are completed research studies on a wide variety of technical subjects relevant to central bank policy. The views expressed in this paper are those of the authors. No responsibility for them should be attributed to the Bank of Canada. Abstract The authors examine the degree of contestability in the Canadian banking system using the H-statistic proposed by Panzar...

A classic problem in economics is the impact of taxation on market outcomes. Taxes drive a wedge between producer and consumer prices, thereby distorting prices and quantities in a market. In the archetypal case, attention focuses on one homogeneous good. However, in many oligopolistic industries, tax policy may asymmetrically impact goods which are imperfectly substitutable. In such a situatio...

Standard approaches to estimating the cost of capital are vulnerable to two errors when applied to sunk assets subject to economic regulation. First, investors in sunk assets usually have a valuable ability to delay commitment which is therefore an opportunity cost of investment. Second, economic regulation alters the distribution of returns to capital, and may do so in a way that eliminates pr...

This paper discusses the design of an optimal, time{consistent tari to protect an infant{industry in the presence of learning e ects. Firms decide how much to produce, taking into account learning e ects induced by their current production and the tari policy, while the government decides on the level of tari protection. In order to ensure time consistency we solve the symmetric case without sp...

This paper examines competitive conditions and market structure in the banking industry, and investigates their interrelationship. Competition is measured using the non-structural Panzar-Rosse model, which assesses the elasticities of interest revenues with respect to changes in banks’ input prices. In order to distinguish competitive behaviour on local, national and international markets, for ...