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

• Authors: Pawłowska Małgorzata

Title variants

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

• Languages of publication: PL

Abstracts

EN

The aim of this paper is presented the results of the competition in the banking sectors countries in the region (Poland, Czech Republic and Hungary) as compared to other EU coun-tries banking sectors, before the crisis and during the crisis. The article presents the results of own research on competition and concentration in the UE 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 the banking sectors in the EU countries based on the methods of the theory 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 in the region banking sectors (Poland, Czech Republic and Hungary).

Keywords

PL

bankowość i finanse; konkurencja; pośrednictwo finansowe; struktura rynku; efektywność; rynek kredytowy; Unia Europejska; regulacje bankowe

EN

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

• Publisher: Bankowy Fundusz Gwarancyjny
• Journal: Bezpieczny Bank
• Year: 2015
• Issue: 1(58)
• Pages: 63-96

Contributors

author

Pawłowska Małgorzata

• Szkoła Główna Handlowa w Warszawie
• Instytut Ekonomiczny NBP

References

• Andrés J., Arce O. [2012], Banking Competition, Housing Prices and Macroeconomic Stabil-ity, Economic Journal, Royal Economic Society, vol. 122(565), s. 1346-1372, Decem-ber.
• Angelini P., N. Cetorelli, (2003), “ The effects of regulatory reform on competition in the banking industry”, Journal of Money, Credit and Banking, 35, s. 663–684.
• Baszyński A. (2014), Koncentracja i konkurencja w sektorach bankowych transformujących się krajów europejskich, studium teoretyczno-empiryczne, Wydawnictwo Uniwersyte-tu Ekonomicznego w Poznaniu.
• Beck, T., De Jonghe, O., Shepens, G., (2011), “Bank competition and stability: Cross-country heterogeneity“, Working Paper 2011-080, CentER.
• Bikker J.A., (2004), Competition and Efficiency in Unified European Banking Market, Ed-ward Elgar, Cheltenham, UK&Northampton, MA, USA.
• Bikker J.A., L. Spierdijk, P. Finnie, (2007), “The impact of market structure, contestability and institutional environment on banking competition“, DNB Working Paper, No. 156/November.
• Bikker J.A., L. Spierdijk, (2008), How Banking Competition Changed over Time, DNB Working Paper, No. 167/February.
• Bikker J.A, Leuvensteijn 2014, A New measure of competition in the financial industry, Routledge, London.
• Coccorese P. (2004), “Banking competition and macroeconomic conditions: a disaggregate analysis“, Journal of International Financial Markets, Institutions & Money 14, s. 203-219.
• Cetorelli N. (2004), “Real Effects of Bank Competition, Journal of Money, Credit, and Bank-ing“, Vol. 36, No. 3 (June 2004, Part 2), The Ohio State University Press, s. 544-558.
• Claessens P., L. Laeven, (2004), “What drives bank competition? Same international evi-dence“, Journal of Money, Credit, and Banking, Vol. 36, No. 3 (June 2004, Part 2), The Ohio State University Press, s. 564-583.
• Clerides S., Manthos D., S. Kokas, A new data set on bank competition in national banking markets, Working Paper 08-2013, University of Cyprus.
• Degryse H., M. Kim, S. Ongena (2009), Microeconomics of Banking: Methods, Applications and Results, Oxford University Press.
• ECB, 2005, Consolidation and Diversification in the euro area banking sector, Monthly Bulle-tin, May.
• ECB, EU Banking Structures, October 2010.
• European Systemic Risk Board (ESRB), Reports of Advisory Scientific Committee, No. 4/June 2014, Is Europe Overbank?
• Edmonds T. (2013), The Independent Commission on Banking: The Vickers Report.
• Gelos R.G., J. Roldos (2002), “Consolidation and Market structure in Emerging Market Banking Systems“, IMF Working Paper, WP/02/186.
• Hempell H., (2002), “Testing for Competition among German Banks. Economic Research Centre“, Deutsche Bundesbank, Discussion Paper 04/02.
• Liikanen E. (2012), Final Report of the High-level Expert Group on Reforming the Structure of the EU Banking Sector, Brussels.
• MFW (2013), Global Financial Stability Report. Old Risks, and new Challenges, Internation-al Monetary Fund, Washington, D.C., April.
• Miklaszewska E., Mikołajczyk K., Pawłowska M. (2013), Post-crisis financial architecture in Central and East European Banks, Gospodarka Narodowa 7-8, Szkoła Główna Han-dlowa, Warszawa, s. 63-85.
• Pawłowska M. (2014), Konkurencja w sektorze bankowym. Teoria i wyniki empiryczne, Warszawa, Wydawnictwo C.H. Beck.
• Petersen M.A., R.G. Rajan (1994), The Benefits of Lending Relationships: Evidence from Small Business Data, The Journal of Finance, 49(1), s. 3-37.
• Petersen M.A., R.G. Rajan (1995), The Effect of Credit Competition on Lending Relation-ships, The Quarterly Journal of Economics, 110(2), s. 406-443.
• Schaeck K., Čihák M., Wolfe S. (2006), Are More Competitive Banking Systems More Sta-ble, “Working Paper”, No. 143, IMF, Washington, D.C., 2006.
• Schaeck K., Čihák, M. (2008), How Does Competition Affect Efficiency and Soundness in Banking? ECB Working Paper, No. 932, 2008.
• Schoenmaker., Wagner W. (2011), The Impact of Cross-Border Banking on Financial Stabil-ity, Discussion Paper, TI 11-054 / DSF 18, Duisenberg School of Finance, Tinbergen Institute.
• Schoenmaker D. (2011), The European Banking Landscape after the Crisis, Policy Paper, 12, Duisenberg School of Finance.
• Schoenmaker D., Wagner W. (2011), The Impact of Cross-Border Banking on Financial Sta-bility, Discussion Paper, TI 11-054 DSF 18, Duisenberg School of Finance, Tinbergen Institute.
• Utrero-González N., Callado-Munoz F. J. (2007), Can Monetary union Enhance Banking Competition?: A Multicase Study, Journal of Economic Integration, vol. 22, No. 1/2007, s. 128–155, March.World Bank 2013, “Rethinking the Role of the State in Fi-nance“, Global Financial Development Report 2012, Washington, D.C.
• www.knf.gov.pl.
• Vieves X. 2010, “Competition and stability in banking“, CEPR, No. 50, August.
• Yildirim H.P., G. C. Philippatos, (2007), “Competition and Contestability in Central and Eastern European Banking Markets“, Managerial Finance, Vol. 33, No. 3, s. 195-209.
• Weill L. (2013), Bank competition in the EU: How has it evolved? Journal of International Financial Markets, 26, 2013, s. 100-112.
• Van Hoose D. (2010), The Industrial Organization of Banking, Bank Behavior, Market Struc-ture, and Regulation, Springer-Verlag, Berlin Heidelberg.