Indonesian banks: Survival of the fittest, 2000. ,
FDI in the financial sector: The experience of ASEAN countries over the last decade, 2003. ,
What Drives Bank Competition? Some International Evidence, Journal of Money, Credit, and Banking, vol.36, issue.3b, pp.563-584, 2004. ,
DOI : 10.1353/mcb.2004.0044
Banking competition and macroeconomic conditions: a disaggregate analysis, Journal of International Financial Markets, Institutions and Money, vol.14, issue.3, pp.203-219, 2004. ,
DOI : 10.1016/j.intfin.2003.07.001
Market power in local banking monopolies, Journal of Banking & Finance, vol.33, issue.7, pp.1196-1210, 2009. ,
DOI : 10.1016/j.jbankfin.2008.12.013
Foreign participation in East Asia's banking sector, 2003. ,
Competition, contestability and market structure in European banking sectors on the eve of EMU, Journal of Banking & Finance, vol.24, issue.6, pp.1045-1066, 2000. ,
DOI : 10.1016/S0378-4266(99)00117-X
Size, Charter Value and Risk in Banking: An International Perspective, SSRN Electronic Journal, vol.689, 2000. ,
DOI : 10.2139/ssrn.255465
Bank Consolidation, Internationalization, and Conglomeration: Trends and Implications for Financial Risk, Financial Markets, Institutions and Instruments, vol.28, issue.4, pp.173-217, 2004. ,
DOI : 10.1016/S0378-4266(98)00084-3
Competitive conditions in the Central and Eastern European banking systems, Omega, vol.38, issue.5, 2009. ,
DOI : 10.1016/j.omega.2008.09.002
Regulations, Market Structure, Institutions, and the Cost of Financial Intermediation, Journal of Money, Credit, and Banking, vol.36, issue.3b, pp.593-622, 2004. ,
DOI : 10.1353/mcb.2004.0045
Diversification, Size, and Risk at Bank Holding Companies, Journal of Money, Credit and Banking, vol.29, issue.3, pp.300-313, 1997. ,
DOI : 10.2307/2953695
Banks with something to lose: The disciplinary role of franchise value. Federal Reserve Bank of, New York Economic Policy Review, vol.2, issue.2, pp.1-14, 1996. ,
Foreign banks in emerging market crises: Evidence from Malaysia, Working Paper WP, 2004. ,
Nationwide Branching and Its Impact on Market Structure, Quality, and Bank Performance*, The Journal of Business, vol.79, issue.2, pp.567-592, 2006. ,
DOI : 10.1086/499131
The pattern of foreign bank entry in the financial markets of emerging countries, BIS, 2003. ,
Consolidation and market structure in emerging market banking systems, Emerging Markets Review, vol.5, issue.1, pp.39-59, 2004. ,
DOI : 10.1016/j.ememar.2003.12.002
East Asian finance: The road to robust markets, 2006. ,
DOI : 10.1596/978-0-8213-6743-8
Competition in banking: A disequilibrium approach, Journal of Banking & Finance, vol.33, issue.12, 2009. ,
DOI : 10.1016/j.jbankfin.2009.06.003
Bank regulation and risk-taking incentives: An international comparison of bank risk, Journal of Banking & Finance, vol.29, issue.5, pp.1153-1184, 2005. ,
DOI : 10.1016/j.jbankfin.2004.05.029
Testing for competition among German banks. Discussion Paper No, 2002. ,
Assessing competitive conditions in the Greek banking system, Journal of International Financial Markets, Institutions and Money, vol.9, issue.4, pp.377-391, 1999. ,
DOI : 10.1016/S1042-4431(99)00017-7
The effect of bank capital requirements on bank off-balance sheet financial innovations, Journal of Banking & Finance, vol.19, issue.3-4, pp.647-658, 1995. ,
DOI : 10.1016/0378-4266(94)00145-S
Entry Restrictions, Industry Evolution, and Dynamic Efficiency: Evidence From Commercial Banking, The Journal of Law and Economics, vol.41, issue.1, pp.239-273, 1998. ,
DOI : 10.1086/467390
How Does Competition Impact Bank Risk-Taking?, SSRN Electronic Journal, 2007. ,
DOI : 10.2139/ssrn.1582331
Deposit insurance, risk and market power in banking, The American Economic Review, vol.80, pp.1183-1200, 1990. ,
The identification of technology regimes in banking: Implications for the market power-fragility nexus, Journal of Banking & Finance, vol.33, issue.8, pp.1413-1422, 2009. ,
DOI : 10.1016/j.jbankfin.2009.02.005
Banking sector performance in East Asian countries: the effects of competition, diversification, and ownership. A background paper for 'East Asian Finance: The Road to Robust Markets, 2006. ,
Geographic diversification and risk in banking, Journal of Economics and Business, vol.40, issue.4, pp.271-284, 1988. ,
DOI : 10.1016/0148-6195(88)90026-4
The Northern Rock crisis: a multi???dimensional problem waiting to happen, Journal of Financial Regulation and Compliance, vol.16, issue.1, pp.35-58, 2007. ,
DOI : 10.1108/13581980810853208
Deregulation and bank financial policy, Journal of Banking & Finance, vol.8, issue.4, pp.557-565, 1984. ,
DOI : 10.1016/S0378-4266(84)80046-1
Efficiency and productivity growth of foreign commercial banks in Malaysia, Economics Working Paper Cardiff Business School, issue.2, 2006. ,
Competitive conditions among the major British banks, Journal of Banking & Finance, vol.31, issue.7, pp.2025-2042, 2007. ,
DOI : 10.1016/j.jbankfin.2006.11.009
Imperfect competition, risk taking, and regulation in banking, European Economic Review, vol.44, issue.1, pp.1-34, 2000. ,
DOI : 10.1016/S0014-2921(98)00057-9
The players in Indonesia's big sale, 2002. ,
The economics of bank privatization, Journal of Banking and Finance, vol.29, 1931. ,
The Fall of the House of Credit. Cambridge Competitive conditions in European banking, Journal of Banking and Finance, vol.18, pp.445-459, 1994. ,
Competition and market contestability in Japanese commercial banking, Journal of Economics and Business, vol.48, issue.1, pp.33-45, 1996. ,
DOI : 10.1016/0148-6195(95)00047-X
Indonesia prepares for life after IMF. The Banker, 2003. ,
Impact of foreign bank entry on the Thai banking sector: initial stage of bank restructuring, Working Paper on Economics and Finance, issue.5, 2000. ,
On competition, risk, and hidden assets in the market for bank credit cards, Journal of Banking & Finance, vol.21, issue.1, pp.89-112, 1997. ,
DOI : 10.1016/S0378-4266(96)00030-1
Competition and Contestability in Canada's Financial System: Empirical Results, The Canadian Journal of Economics, vol.22, issue.3, pp.576-594, 1989. ,
DOI : 10.2307/135541
Testing For "Monopoly" Equilibrium, The Journal of Industrial Economics, vol.35, issue.4, pp.443-456, 1987. ,
DOI : 10.2307/2098582
Has bank consolidation in Korea lessened competition?, The Quarterly Review of Economics and Finance, vol.49, issue.2, pp.651-667, 2009. ,
DOI : 10.1016/j.qref.2008.02.003
Market power and firm risk, Journal of Monetary Economics, vol.9, issue.1, pp.73-85, 1982. ,
DOI : 10.1016/0304-3932(82)90051-4
Are more competitive banking systems more stable? Unpublished Working Paper No, 2006. ,
Non-structural test for competition in financial markets. Proceedings of Federal Reserve Bank of Chicago: Bank structure and competition, 1982. ,
Patterns of competition in banking, Journal of Economics and Business, vol.56, issue.4, pp.287-313, 2004. ,
DOI : 10.1016/j.jeconbus.2003.10.003
Branch banking, economic diversity and bank risk, The Quarterly Review of Economics and Finance, vol.42, issue.3, pp.57-598, 2002. ,
DOI : 10.1016/S1062-9769(01)00104-1
Competition and Concentration in the New European Banking Landscape, European Financial Management, vol.96, issue.3, pp.443-482, 2006. ,
DOI : 10.1016/j.jbankfin.2004.05.013
Diversification in Banking: Is Noninterest Income the Answer?, Journal of Money, Credit, and Banking, vol.36, issue.5, pp.853-882, 2004. ,
DOI : 10.1353/mcb.2004.0076
The international expansion of the Singapore's largest banks. Working Paper No. 01-20, The Wharton Financial Institutions Centre, 2001. ,
Financial crises and the presence of foreign banks. Working Paper No. 03- 35, The Wharton Financial Institutions Centre, 2003. ,
Competitive behavior in Middle East and North Africa banking systems, The Quarterly Review of Economics and Finance, vol.49, issue.2, pp.693-710, 2009. ,
DOI : 10.1016/j.qref.2008.03.002
Consolidation in banking and financial stability in Europe: Empirical evidence, Journal of Banking & Finance, vol.33, issue.7, pp.1299-1311, 2009. ,
DOI : 10.1016/j.jbankfin.2009.01.006
The liquidity of bank assets and banking stability, Journal of Banking & Finance, vol.31, issue.1, pp.121-139, 2007. ,
DOI : 10.1016/j.jbankfin.2005.07.019
Concentration and foreign penetration in Latin American banking sectors: Impact on competition and risk, Journal of Banking & Finance, vol.31, issue.6, pp.1633-1647, 2007. ,
DOI : 10.1016/j.jbankfin.2006.11.003
Restructuring, consolidation and competition in Latin American banking markets, Journal of Banking & Finance, vol.31, issue.3, pp.629-639, 2007. ,
DOI : 10.1016/j.jbankfin.2006.06.008
The state of competition of the Chinese banking industry, Journal of Asian Economics, vol.17, issue.3, pp.519-534, 2006. ,
DOI : 10.1016/j.asieco.2006.05.001
Summary of H-statistic estimates and equilibrium test outcomes Authors Sample period Country Results Equilibrium Shaffer, Monopolistic competition Yes Nathan and Neave, pp.1979-1982, 1982. ,
Spain and UK Monopolistic competition, except Italy (monopoly) No (France: 1987, Italy: 1986, 1987. ,
Monopolistic competition Monopoly for small banks in France and Germany No (for large banks in Italy ,
(varying) 23 industrialized nations Monopolistic competition Yes, p.2200, 1988. ,
US (4 banks, quarterly) Monopolistic competition No, 1984. ,
China Monopolistic competition Yes, 1980. ,