Overview
- Offers the first comprehensive research on bank competition, concentration, efficiency and financial stability in the Philippines
- Shows the presence (or lack) of stability in the banking sector of small economies
- Dives deeper into the industrial organization aspect of the banking industry in the Philippines
Part of the book series: Palgrave Macmillan Studies in Banking and Financial Institutions (SBFI)
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Keywords
- Bank competition
- Financial stability
- Bank efficiency
- Asian banking
- Imperfect competition
- Financial fragility
- Dominant and fringe bank
- Market competition
- Cost efficiency
- Market concentration
- Income diversification
- Macro stress testing
- Credit quality
- Franchise value
About this book
This book aims to form part of the growing literature on the banking system in developing countries in its aim to show the levels of stability in the banking sector of small economies. Any banking system is vulnerable to economic distress but one supported by universal and commercial banks that are efficient, stable, and which enjoy sufficient market power is most likely to withstand economic turmoil. Such is the Philippines’ Universal and Commercial Banking system, which displayed remarkable resilience to unprecedented economic shock.
Using data from 2005 to 2019, the five chapters of this work delve into the industrial organization framework of the banking industry in the Philippines, offering researchers, graduate and undergraduate students, and academics the first comprehensive research on bank competition, concentration, efficiency and financial stability in the Philippines.
Reviews
“There is no more important issue to the well-being of residents of developing nations than financial stability. There is also no better way to improve financial resilience than to arm researchers and policymakers with top-shelf research on the determinants of this stability. That is what this new text by Dacanay, Leonida, and Meriño does on behalf of the Philippines, but these lessons may be applied more generally to other nations as well. Well done!” (Allen N. Berger, H. Montague Osteen, Jr., Professor in Banking and Finance; Co-Director, Center for Financial Institutions at the Darla Moore School of Business; Carolina Distinguished Professor, University of South Carolina)
Authors and Affiliations
About the authors
Jovi C. Dacanay is an Assistant Professor and Doctoral Program Director of the School of Economics at the University of Asia and the Pacific.
Ella Mae O. Leonida is a Senior Analyst at RingCentral, a US-based company, and has an MS in Industrial Economics from the School of Economics at the University of Asia and the Pacific.
Michaela Nicole E. Meriño is a Research Associate in the School of Economics at the University of Asia and the Pacific. She obtained her MS in Industrial Economics from that University.
Bibliographic Information
Book Title: Bank Competition and the Effects on Financial Stability
Book Subtitle: Insights into the Emerging Banking Markets of the Philippines
Authors: Jovi Clemente Dacanay, Ella Mae Odtuhan Leonida, Michaela Nicole E. Meriño
Series Title: Palgrave Macmillan Studies in Banking and Financial Institutions
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2024
Hardcover ISBN: 978-3-031-59598-1Due: 14 July 2024
Softcover ISBN: 978-3-031-59601-8Due: 14 July 2024
eBook ISBN: 978-3-031-59599-8Due: 14 July 2024
Series ISSN: 2523-336X
Series E-ISSN: 2523-3378
Edition Number: 1
Number of Illustrations: 87 b/w illustrations