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Author: George Owusu-Antwi Publisher: LAP Lambert Academic Publishing ISBN: 9783848437757 Category : Languages : en Pages : 216
Book Description
The world is facing many challenges and one of them is financial. This publication is designed to provide competent and reliable information regarding the subject matter covered. The book describes theory and practical applications to the use of Panzer and Rosse model to measure the degree of competition of the Ghana's banking industry. Of course the theory and results presented in this book is not perfect and complete, however it provides an indication to the marketing structure of the Ghana's banking system and how liberalization has impacted on the banking industry. The book also describes the policies and regulation that has changed the Ghana's banking industry during the preliberalization and postliberalization. Base on the H-statistics derived from the Panzer and Rosse model, the structure of the Ghana's banking system were describe as near perfect market condition.The book provides policy implications and recommendations, which might be useful to regulator and policymakers.
Author: George Owusu-Antwi Publisher: LAP Lambert Academic Publishing ISBN: 9783848437757 Category : Languages : en Pages : 216
Book Description
The world is facing many challenges and one of them is financial. This publication is designed to provide competent and reliable information regarding the subject matter covered. The book describes theory and practical applications to the use of Panzer and Rosse model to measure the degree of competition of the Ghana's banking industry. Of course the theory and results presented in this book is not perfect and complete, however it provides an indication to the marketing structure of the Ghana's banking system and how liberalization has impacted on the banking industry. The book also describes the policies and regulation that has changed the Ghana's banking industry during the preliberalization and postliberalization. Base on the H-statistics derived from the Panzer and Rosse model, the structure of the Ghana's banking system were describe as near perfect market condition.The book provides policy implications and recommendations, which might be useful to regulator and policymakers.
Author: George Owusu-Antwi Publisher: ISBN: Category : Languages : en Pages : 396
Book Description
A major financial sector reform program has been implemented in Ghana since the early 1980s, involving financial liberalization and institutional reforms. Financial reforms became necessary, because the pre-reform policies together with acute and prolonged economic crisis had severely damaged the financial system. In the early 1990s, the government launched financial market liberalization policies under the financial sector adjustment program to restructure the distressed banks and clean up nonperforming assets in order to restore banks to profitability and viability. The study investigated the market structure of Ghana's banking industry and determined whether the market structure has been changed after the financial restructuring. This study specifically measures the degree of competition of the banking system in Ghana by using the H-statistic. Various studies on the degree of competition were reviewed. This study employs a widely used nonstructural methodology put forward by Panzar and Rosse (1987)---the H-statistic---and draws upon comprehensive average annual data from the various issues of the Bank of Ghana annual reports from 1988 to 2008. Maximum likelihood techniques were used to estimate the model. Based on the reported H-statistic for pre and postliberalization (2.35657 and 3.27530 respectively), it can be concluded that Ghana's banks are operating under perfect competition. However, the test for a change in competition status at the time of liberalization was not significant, indicating no evidence of a change in competition as a result of liberalization. The result of the market equilibrium reveals that the market equilibrium equals zero, revealing the existence of long-run equilibrium making the Panzar and Rosse model meaningful to interpret. The findings are consistent with the results obtained by Yuan (2006) who found Chinese banking market to be near perfect competition. This study has extended and strengthened some earlier results on bank competition in Ghana. However, the results of this study are different from the study undertaken by Buchs and Mathisen (2005), who found Ghanaian banking markets to operate under monopolistic conditions without considering the effect of liberalization. Three innovations of the current study are the use of comprehensive data source, the consideration of longer period of time covering two decades (1988--2008) and the incorporation of liberalization factors. Overall, the Panzar and Rosse model is regarded as a valuable tool for assessing the banking market conditions in Ghana. Since a bank's revenue is more likely to be observable than output prices and quantities or actual costs.
Author: Tamara Burdisso Publisher: ISBN: Category : Banks and banking Languages : en Pages : 52
Book Description
Analyzes the extent to which the restructuring process has reduced the level of competition in the industry and investigates the effects of regulations on bank profitability. Explains the differences in profitability among the 20 largest retail banks by using panel data. Determines the degree of competition they face in local markets.
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications, Consumer Protection, and Finance Publisher: ISBN: Category : Bank holding companies Languages : en Pages : 664
Author: Paul L. Joskow Publisher: MIT Press (MA) ISBN: 9780262600187 Category : Business & Economics Languages : en Pages : 269
Book Description
This timely study evaluates four generic proposals for allowing free market forces toreplace government regulation in the electric power industry and concludes that none of thederegulation alternatives considered represents a panacea for the performance failures associatedwith things as they are now. It proposes a balanced program of regulatory reform and deregulationthat promises to improve industry performance in the short run, resolve uncertainties about thecosts and benefits of deregulation, and positions the industry for more extensive deregulation inthe long run should interim experimentation with deregulation, structural, and regulatory reformsmake it desirable.The book integrates modern microeconomic theory with a comprehensive analysis ofthe economic, technical, and institutional characteristics of modern electrical power systems. Itemphasizes that casual analogies to successful deregulation efforts in other sectors of the economyare an inadequate and potentially misleading basis for public policy in the electric power industry,which has economic and technical characteristics that are quite different from those in otherderegulated industries.Paul L. Joskow is Professor of Economics at MIT, author of ControllingHospital Costs (MIT Press 1981) and coauthor with Martin L. Baughman and Dilip P. Kamat of ElectricPower in the United States (MIT Press 1979). Richard Schmalensee, also at MIT, is Professor ofApplied Economics, author of The Economics of Advertising and The Control of Natural Monopolies, andeditor of The MIT Press Series, Regulation of Economic Activity.
Author: Jane W. D'Arista Publisher: Routledge ISBN: 1317456971 Category : Business & Economics Languages : en Pages : 496
Book Description
Volume II of this book grew out of the author’s work as an economist for the U.S. Congress on the staff of the House Banking Committee under Chairman Wright Patman and his successor, Chairman Henry Reuss; as an analyst for the Congressional Budget Office; and as finance economist for the House Energy and Commerce Subcommittee on Telecommunications, Consumer Protection and Finance. It is a re-examination of the validity of traditional concerns in order to establish the Context for congressional actions to modify the existing regulatory and structural framework.
Author: Carl-Johan Lindgren Publisher: ISBN: 9781557758712 Category : Business & Economics Languages : en Pages : 103
Book Description
An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications, Consumer Protection, and Finance Publisher: ISBN: Category : Banking law Languages : en Pages : 408
Author: G. McMahon Publisher: Springer ISBN: 1403990107 Category : Business & Economics Languages : en Pages : 281
Book Description
Explaining Growth attempts to compile the most comprehensive assessment of growth in developing and transition countries. The first phase has sought to review and discover broad similarities and comparable experiences in six regions spanning the developing world. In each region, studies were undertaken on sources of growth, markets and growth, microeconomic determinants of growth, and the political economy of growth. These reviews provide the framework for the in-depth country case studies in Phase II. This volume summarizes the main results of the regional analyses and sets the stage for the country studies.
Author: Michael Pomerleano Publisher: World Bank Publications ISBN: 0821359282 Category : Business & Economics Languages : en Pages : 436
Book Description
In light of the periodic financial crises of the late 1990s, there has been a growing recognition of the need for a strategy to avoid and mitigate the severity of crises in the corporate sector, requiring the complementary efforts of policymakers, regulators, lawyers, insolvency experts and financiers. This publication examines the issue of corporate restructuring, drawing on case studies of corporate crises in Indonesia, Korea, Malaysia and Thailand among others; and discusses a range of topics including the key role of governments in securing an enabling legal system, effective out-of-court workouts, supportive tax regimes, policy and regulatory initiatives to address systemic corporate problems.
Author: George Owusu-Antwi
Author: George Owusu-Antwi
Author: George Owusu-Antwi
Author: Tamara Burdisso
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications, Consumer Protection, and Finance
Author: Paul L. Joskow
Author: Jane W. D'Arista
Author: Carl-Johan Lindgren
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications, Consumer Protection, and Finance
Author: G. McMahon
Author: Michael Pomerleano