International Conference on Eurasian Economies
4-5 November 2010 – Istanbul, TURKEY
Paper detail
Paper ID : 161
Status : Paper published
Language : English
Topic : Microeconomics and Entrepreneurship
Presenter: Assoc. Prof. Dr. Daniel Stavarek
Session : 6B Microeconomics
Competition in the Banking Sector in the Czech Republic
Competition in the Banking Sector in the Czech Republic
- Assoc. Prof. Dr. Daniel Stavarek (Silesian University, Czech Republic)
- Ph.D. candidate Iveta Rapkova (Silesian University, Czech Republic)
Abstract
The paper estimates the level of competition of the banking industry in the Czech Republic during the period 2000-2008. We apply Panzar-Rosse model on data from banks comprising almost 90% of the market. We found that the market was alternately in equilibrium and disequilibrium, which demonstrates a dynamic development of the Czech banking sector. While the market can be described as perfectly competitive during the period 2000-2004, the intensity of competition decreased after joining the EU in 2004 and the market can be characterized as one of monopolistic competition in 2004-2008.
JEL codes: D40, G21
Stavarek, Daniel, Rapkova, Iveta (2010). "Competition in the Banking Sector in the Czech Republic" in Proceedings of International Conference of Eurasian Economies 2010, pp.412-417, Istanbul, TURKEY.
DOI: https://doi.org/10.36880/C01.00161
