Zmiany poziomu konkurencji w sektorach bankowych Polski, Czech i Węgier na tle innych krajów Unii Europejskiej

Małgorzata Pawłowska

Published : 2023-11-21

Vol. 58 No. 1 (2015)

Changes in level of competition in banking sectors in Poland, Czech Republic and Hungary compared to other EU states

Małgorzata Pawłowska

Abstract

The aim of this paper is to present the results of competition in the banking sectors in countries in the region (Poland, Czech Republic and Hungary) as compared to other EU country banking sectors, before the crisis and during the crisis. The article presents the results of own research on competition and concentration in the EU banking sector, covering the period before the financial crisis and during the crisis (empirical studies conducted on data covering the years 1997 to 2012) as well as the results of other authors in relation to banking sectors in EU countries based on the methods of the theory of Industrial Organization Approach of
Banking. The paper also addresses the phenomenon of competition between banks and how it affects the stability of the banking sector. The empirical results of the study showed that the level of competition reduced during the crisis in the banking sectors in the region (Poland, Czech Republic and Hungary).

Keywords:

banking and finance, competition, financial intermediation, market structure, efficiency, credit market, the European Union, banking regulations

Most read articles by the same author(s)

Małgorzata Pawłowska, Financial technologies and traditional banking: new conditions of financial market with respect to competition and risk , Safe Bank: Vol. 93 No. 4 (2023)
Małgorzata Pawłowska, Profitability of banks in Poland during the Global Financial Crisis and Eurozone Debt Crisis , Safe Bank: Vol. 67 No. 2 (2017)
Małgorzata Pawłowska, The impact of the market structure and size of the banks on financial stability of EU , Safe Bank: Vol. 63 No. 2 (2016)

Details

References

Statistics

Authors

Download files

PDF (Język Polski)

Citation rules

Pawłowska, M. (2023). Changes in level of competition in banking sectors in Poland, Czech Republic and Hungary compared to other EU states. Safe Bank, 58(1), 63–96. Retrieved from https://ojs.bfg.pl/index.php/bb/article/view/347

Altmetric indicators

Cited by / Share

Licence

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

References

Andrés J., Arce O., Banking Competition, Housing Prices and Macroeconomic Stability, „Economic Journal, Royal Economic Society”, Vol. 122(565), December 2012.

Angelini P., Cetorelli N., The effects of regulatory reform on competition in the banking industry, „Journal of Money, Credit and Banking” 2003, 35.

Baszyński A., Koncentracja i konkurencja w sektorach bankowych transformujących się krajów europejskich, studium teoretyczno-empiryczne, Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu, Poznań 2014.

Beck T., De Jonghe O., Shepens G., Bank competition and stability: Cross-country heterogeneity, Working Paper 2011-080, CentER.

Bhattacharya K., How good is the BankScope database? A cross-validation exercise with correction factors for market concentration measures, BIS Working Papers, 133, Monetary and Economic Department, September 2003.

Bikker J.A., Competition and Efficiency in Unified European Banking Market, Edward Elgar, Cheltenham, UK&Northampton, MA, USA 2004.

Bikker J.A., Spierdijk L., Finnie P., The impact of market structure, contestability and institutional environment on banking competition, DNB Working Paper, No. 156, November 2007.

Bikker J.A., Spierdijk L., How Banking Competition Changed over Time, DNB Working Paper, No. 167, February 2008.

Bikker J.A, von Leuvensteijn M., A New measure of competition in the financial industry, Routledge, London 2014.

Bikker J.A., Shaffer S., Spierdijk L., Assessing Competition with the Panzar-Rosse Model: The Role of Scale, Costs, and Equilibrium, „The Review of Economics and Statistics”, MIT Press, Vol. 94(4), November 2012.

Bijlsma M.J., Gijsbert T., Zwart J., The changing landscape of financial markets in Europe, the United States and Japan, CPB Discussion Paper, 238, 2013.

Bolt W., Humphrey D., A Frontier Measure of U.S. Banking Competition, DNB Working Paper, 2012.

Boyd J.H., De Nicolò G., Jalal A.M., Bank Risk-Taking and Competition Revisited: New Theory and New Evidence, IMF Working Paper, WP/2006/297.

Calomiris C.W., Financial innovation, regulation, and reform, „Cato Journal”, vol. 29, Winter 2009, No. 1.

Clerides S., Delis M.D., Kokas S., A new data set on bank competition in national banking markets, Working Paper, 8, 2013, University of Cyprus.

Coccorese P., Banking competition and macroeconomic conditions: a disaggregate analysis, „Journal of International Financial Markets, Institutions & Money” 2004, 14.

Cetorelli N., Real Effects of Bank Competition, „Journal of Money, Credit, and Banking”, Vol. 36, No. 3 (June 2004, Part 2), The Ohio State University Press.

Claessens S., Kodres L., The Regulatory Responses to the GlobalFinancial Crisis: Some Uncomfortable Questions, IMF Working Paper, WP/2014/46.

Claessens S., Ghosh S.R., Mihet R., Macro-Prudential Policies to Mitigate Financial System Vulnerabilities, IMF Working Paper, WP/2014/155.

Claessens P., Laeven L., What drives bank competition? Same international evidence, „Journal of Money, Credit, and Banking”, Vol. 36, No. 3 (June 2004, Part 2), The Ohio State University Press.

Clerides S., Delis M.D., Kokas S., A new data set on bank competition in national banking markets, Working Paper 08-2013, University of Cyprus.

Consolidation and Diversification in the euro area banking sector, Monthly Bulletin, ECB, May 2005.

De Guevara J.F., Maudos J., Banking competition and economic growth: cross-country evidence, „The European Journal of Finance”, Vol. 17, 2011, Issue 8.

Degryse H., Kim M., Ongena S., Microeconomics of Banking: Methods, Applications and Results, Oxford University Press, 2009.

EU Banking Structures, ECB, October 2010.

Edmonds T., The Independent Commission on Banking: The Vickers Report, 2013.

Efthyvoulou G., Yildirim C., Market Power in CEE Banking Sectors and the Impact of the Global Financial Cris, Case Network Studies & Analysis, 2013, No. 452.

Fernández A.I., González F., Suárez N., How do bank competition, regulation, and institutions shape the real effect of banking crises? International evidence, „Journal of International Money and Finance” 2013, 33.

Freixas X., Rochet J.-C., Microeconomics of Banking, The MIT Press, Cambridge, London 2008.

Gelos R.G., Roldos J., Consolidation and Market structure in Emerging Market Banking Systems, IMF Working Paper, WP/2002/186.

Global Financial Stability Report. Old Risks, and new Challenges, International Monetary Fund, MFW Washington, D.C., April 2013.

Goddard J., Wilson J.O.S., Competition in banking: a disequilibrium approach, „Journal of Banking and Finance” 2009, 33.

Greenbaum S., Thakor A., Contemporary financial intermediation, 2nd edition, Elsevier, 2007.

Gutiérrez de Rozas L., Testing for Competition in The Spanish Banking Industry: The Panzar-Rosse Approach Revisited, Documentos de Trabajo, BANCO DE ESPAÑA, The Working Paper Series N.º 0726, Madrid 2007.

Hempell H., Testing for Competition among German Banks. Economic Research Centre, Deutsche Bundesbank, Discussion Paper 04/2002.

Is Europe Overbanked?, Reports of Advisory Scientific Committee, No. 4/June 2014, European Systemic Risk Board.

Keeley M.C., Deposit Insurance Risk and Market Power in Banking, „American Economic Review” 1990, 80.

Koutsomanoli-Fillipaki N., Staikouras K.Ch., Competition and concentration in the New European banking Landscape, European Financial Management, European Financial Management Association, Vol. 12(3), 2006.

Lerner A., The concept of monopoly and the measurement of monopoly Power, „Review of Economic Studies” 1934, 1.

Leuvensteijn M., Bikker J.A., Rixtel A., Sørensen C.K., A new Approach to measuring competition in the loan markets of the euro area, EBC Working Paper Series, June 2007.

Liikanen E., Final Report of the High-level Expert Group on Reforming the Structure of the EU Banking Sector, Brussels 2012.

Martin S., Industrial Economics, Economic Analysis and Public Policy, Macmillan Publishing Company, New York, Collier Macmillan Publishers, Londyn 1989.

Miklaszewska E., Mikołajczyk K., Pawïowska M., Post-crisis financial architecture in Central and East European Banks, „Gospodarka Narodowa” 2013, 7–8, Szkoła Główna Handlowa, Warszawa.

Panzar J.C., Rosse J.N., Testing for ‘monopoly’ equilibrium, „Journal of Industrial Economics” 1987, 35.

Pawłowska M., Competition, concentration and foreign capital in the Polish banking sector (prior and during the financial crisis), National Bank of Poland Working Papers, 130, Warszawa 2012.

Pawłowska M., Konkurencja w sektorze bankowym. Teoria i wyniki empiryczne, Wydawnictwo C.H. Beck, Warszawa 2014.

Petersen M.A., Rajan R.G., The Benefits of Lending Relationships: Evidence from Small Business Data, „The Journal of Finance” 1994, 49(1).

Petersen M.A., Rajan R.G., The Effect of Credit Competition on Lending Relationships, „The Quarterly Journal of Economics” 1995, 110(2).

Ratnovski L., Competition Policy for Modern Banks, IMF Working Paper, WP/2013/126.

Schaeck K., oihák M., Wolfe S., Are More Competitive Banking Systems More Stable, „Working Paper”, No. 143, IMF, D.C., Washington 2006.

Schaeck K., oihák, M., How Does Competition Affect Efficiency and Soundness in Banking? ECB Working Paper, No. 932, 2008

Schoenmaker D., The European Banking Landscape after the Crisis, Policy Paper 2011, 12, Duisenberg School of Finance.

Schoenmaker D., Wagner W., The Impact of Cross-Border Banking on Financial Stability, Discussion Paper 2011, TI 11-054 DSF 18, Duisenberg School of Finance, Tinbergen Institute.

Utrero-González N., Callado-Munoz F.J., Can Monetary union Enhance Banking Competition?: A Multicase Study, „Journal of Economic Integration”, Vol. 22, March 2007, No. 1.

World Bank 2013, Rethinking the Role of the State in Finance, Global Financial Development Report 2012, Washington, D.C.

www.knf.gov.pl

Vieves X., Competition and stability in banking, CEPR, No. 50, August 2010.

Yildirim H.P., Philippatos G.C., Competition and Contestability in Central and Eastern European Banking Markets, Managerial Finance, Vol. 33, 2007, No. 3, s. 195–209.

Weill L., Bank competition in the EU: How has it evolved? „Journal of International Financial Markets” 2013, 26.

Van Hoose D., The Industrial Organization of Banking, Bank Behavior, Market Structure, and Regulation, Springer-Verlag, Berlin Heidelberg 2010.