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Competition in the European banking sector before and after the financial crisis in 2008 - The examples of Germany and Portugal
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Autores
Vincon, Yves Niclas
Orientador(es)
Resumo(s)
This paper studies the level of banking competition in two European countries, Germany and
Portugal, for the period from 2006 to 2015 in order to draw indications on its impact on
economic and financial stability. Banking competition is measured using the Panzar-Rosse test
and the Lerner Index, two statistical tests developed for this matter. The results of the tests
illustrate a consistently higher level of competition in the German banking sector than in the
Portuguese around the financial crisis. Following from this, this paper supports the assumption
that higher bank competition might be seen as an indicator for increasing financial stability.
Descrição
Palavras-chave
Banking competition Financial crisis Financial stability Germany Portugal