Email this article The evolution of competitive conditions in the US banking sector
Abstract
In this paper competitive conditions in the US banking sector are studied on the basis of a
comprehensive State-level dataset for 1966-2000. Our findings are twofold. First, we empirically
document that throughout the period studied the US banking sector's behaviour is consistent
with a monopolistically competitive market structure. Second, the evolution of the market reveals
that competitive conditions in the 90's have considerably weakened.
comprehensive State-level dataset for 1966-2000. Our findings are twofold. First, we empirically
document that throughout the period studied the US banking sector's behaviour is consistent
with a monopolistically competitive market structure. Second, the evolution of the market reveals
that competitive conditions in the 90's have considerably weakened.
Keywords
Banking; Market Structure; Monetary Policy
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