PRIVATIZING MULTIPRODUCT BANKS

• 成果类型: Article
• 署名作者: YOSHA, O
• 署名单位: Tel Aviv University
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.2307/2235109
• 发表日期: 1995
• 页码: 1435-1453
• 关键词: mix economies; scale; SCOPE

摘要

In October 1983, following a stock market crash, the Israeli government became the owner of most of the banking system in the country. The government is now getting ready to privatise the banks. Using a simple model of imperfect competition between multi-product banks, the paper evaluates two proposals which have been raised in this context: spinning off entire divisions versus splitting the banks into smaller banks. The degree of substitutability between banking products (e.g. short-and long-term credit) plays a key role in the analysis. Implications for banking reform in other countries are briefly discussed.