L11 - Production, Pricing, and Market Structure; Size Distribution of Firms

• Competition in Banking: A Review of the Literature

  Staff Working Paper 2004-24 Carol Ann Northcott

  The author reviews the theoretical and empirical literature to examine the traditional perception that the following trade-off exists between economic efficiency and stability in the banking system: a competitive banking system is more efficient and therefore important to growth, but market power is necessary for stability in the banking system.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial services, Market structure and pricing JEL Code(s): G, G2, G21, G28, L, L1, L11, L12, L13, L16

• Testing the Pricing-to-Market Hypothesis: Case of the Transportation Equipment Industry

  Staff Working Paper 2000-8 Lynda Khalaf, Maral Kichian

  Pricing-to-market (PTM) theory suggests that monopolistic firms which export adjust their destination-specific markups in reaction to exchange rate shocks. These adjustments limit changes in the price of their exports.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Market structure and pricing JEL Code(s): C, C1, C12, C15, L, L1, L11, L16