G2TT
来源类型Discussion paper
规范类型论文
来源IDDP2894
DP2894 Transport Cost Decline and Regional Inequalities: Evidence from France
Pierre-Philippe Combes; Miren LAFOURCADE
发表日期2001-09-20
出版年2001
语种英语
摘要The Riegle-Neal Act in the US and the Economic and Monetary Union in Europe are recent initiatives to stimulate financial integration. These initiatives allow new entrants to ?poach? the incumbents' clients by offering them attractive loan offers. We show that these deregulations may be insufficient since asymmetric information seriously hampers the integration of credit markets. This asymmetry stems from the informational advantage incumbent banks have about their current clients vis-a-vis potential entrants. Moreover, banks may strategically display some information, hindering entry when asymmetric information is moderate. We also show that voluntary information sharing emerges only when asymmetric information is low.
主题Financial Economics ; Industrial Organization
关键词Financial integration Banking competition Asymmetric information Barriers to entry
URLhttps://cepr.org/publications/dp2894
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/531993
推荐引用方式
GB/T 7714
Pierre-Philippe Combes,Miren LAFOURCADE. DP2894 Transport Cost Decline and Regional Inequalities: Evidence from France. 2001.
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