Assessing competitive conditions in the Greek banking system
This paper uses the Rosse-Panzar statistic to assess empirically competitive conditions in
the Greek banking system over the period 1993–1995. The competitiveness of the banking
system is evaluated using a non-structural estimation technique. The results indicate that
bank revenues were earned as if under conditions of monopolistic competition. The gradual
elimination of exchange controls, the capital movement liberalisation, the enactment of the
Second Banking Directive of the European Union and the supervisory arrangements have …
the Greek banking system over the period 1993–1995. The competitiveness of the banking
system is evaluated using a non-structural estimation technique. The results indicate that
bank revenues were earned as if under conditions of monopolistic competition. The gradual
elimination of exchange controls, the capital movement liberalisation, the enactment of the
Second Banking Directive of the European Union and the supervisory arrangements have …
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