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- W3125396095 abstract "In this paper partial adjustment process to Panzar and Rosse's (1987) H-Statistics is introduced. The basic aim is to estimate the speed at which the EU, US, and ANZ banking markets adjust to their long-run equilibrium levels. Normally, banking markets adjust towards long-run equilibrium in a non-instantaneous manner. Moreover, while estimating the market structure, the speed of adjustment process is taken into account. We introduced an empirical model based on Nerlove's (1956) partial adjustment model to capture the speed of convergence of transition in the EU, US and ANZ banking market. Empirical results suggest that the transition and speed of adjustment towards long-run equilibrium varies from market to market depending on the profit deviation from average market profits." @default.
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- W3125396095 date "2016-01-01" @default.
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- W3125396095 title "Banking Competition and Stability: Evidence from Inter-Continental Markets" @default.
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