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- W2912226003 abstract "The Portuguese economy passed through two massive institutional shocks in the period from 1960 to 2015: in 1975, with one of the largest nationalisation programmes ever in the Western world; and in the late-1980s, with one of the largest privatisation programmes ever in the world. We assess how these shocks affected competition in commercial banking through statistical tests of the Panzar-Rosse type. Interesting conclusions result, namely that the nationalisation period did not imply a reduction in competition and that the privatisation period might have meant a reduction in competition. We provide a few hypotheses to understand these counterintuitive results." @default.
- W2912226003 created "2019-02-21" @default.
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- W2912226003 date "2018-01-01" @default.
- W2912226003 modified "2023-09-27" @default.
- W2912226003 title "Institutional shocks and competition in Portuguese commercial banking in the long run, 1960-2015" @default.
- W2912226003 hasPublicationYear "2018" @default.
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