How Long to Read A New Measure of Competition in the Financial Industry

How Long Does it Take to Read A New Measure of Competition in the Financial Industry?

It takes the average reader 3 hours and 34 minutes to read A New Measure of Competition in the Financial Industry by Jacob A. Bikker

Assuming a reading speed of 250 words per minute. Learn more

Description

The 2008 credit crisis started with the failure of one large bank: Lehman Brothers. Since then the focus of both politicians and regulators has been on stabilising the economy and preventing future financial instability. At this juncture, we are at the last stage of future-proofing the financial sector by raising capital requirements and tightening financial regulation. Now the policy agenda needs to concentrate on transforming the banking sector into an engine for growth. Reviving competition in the banking sector after the state interventions of the past years is a key step in this process. This book introduces and explains a relatively new concept in competition measurement: the performance-conduct-structure (PCS) indicator. The key idea behind this measure is that a firm's efficiency is more highly rewarded in terms of market share and profit, the stronger competitive pressure is. The book begins by explaining the financial market's fundamental obstacles to competition presenting a brief survey of the complex relationship between financial stability and competition. The theoretical contributions of Hay and Liu and Boone provide the theoretical underpinning for the PCS indicator, while its application to banking and insurance illustrates its empirical qualities. Finally, this book presents a systematic comparison between the results of this approach and (all) existing methods as applied to 46 countries, over the same sample period. This book presents a comprehensive overview of the knowns and unknowns of financial sector competition for commercial and central bankers, policy-makers, supervisors and academics alike.

How long is A New Measure of Competition in the Financial Industry?

A New Measure of Competition in the Financial Industry by Jacob A. Bikker is 208 pages long, and a total of 53,664 words.

This makes it 70% the length of the average book. It also has 66% more words than the average book.

How Long Does it Take to Read A New Measure of Competition in the Financial Industry Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 53 minutes to read A New Measure of Competition in the Financial Industry aloud.

What Reading Level is A New Measure of Competition in the Financial Industry?

A New Measure of Competition in the Financial Industry is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy A New Measure of Competition in the Financial Industry?

A New Measure of Competition in the Financial Industry by Jacob A. Bikker is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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