Hostname: page-component-77c89778f8-fv566 Total loading time: 0 Render date: 2024-07-16T19:16:11.950Z Has data issue: false hasContentIssue false
  • English
  • Français

The Pricing of Bank Deposits: A Theoretical and Empirical Analysis

Published online by Cambridge University Press:  19 October 2009

Michael A. Klein  and
Neil B. Murphy
Get access Rights & Permissions [Opens in a new window]

Extract

There has developed over the last several years a large and growing literature on the relationship between local bank market structure and performance. Two characteristics of this development are particularly notable. First, a carefully structured microeconomic model of the banking firm is rarely used as the starting point of the analysis. Secondly, the possibility that local market structure may have a differential impact on bank performance in different activities seems to have escaped systematic investigation. Specifically, it is a contention of this study that an empirical investigation of structure and performance in banking must be grounded in the explicit development of a microeconomic model of the banking firm.

Type
Financial Institutions
Information
Journal of Financial and Quantitative Analysis , Volume 6 , Issue 2 , March 1971 , pp. 747 - 761
Copyright
Copyright © School of Business Administration, University of Washington 1971

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

[1]Bell, Frederick W., and Murphy, Neil B., Costs in Commercial Banking: A Quantitative Analysis of Bank Behavior and its Relation to Bank Regulation, Research Report No. 41 to the Federal Reserve Bank of Boston.Google Scholar
[2]Bell, Frederick W. and Murphy, Neil B., “The Impact of Market Structure on the Price of a Commercial Banking Service,” Review of Economics and Statistics, LI (May 1969), pp. 210–213.CrossRefGoogle Scholar
[3]Eisenbeis, R. A., Delineation of Geographic Markets for Business. Loans, doctoral dissertation in progress, University of Wisconsin.Google Scholar
[4]Federal Deposit Insurance Corporation, Summary of Accounts and Deposits in all Commercial Banks as of June 29, 1968, All Districts (1969).Google Scholar
[5]Kiein, Michael A., “Imperfect Asset Elasticity and Portfolio Theory,” American Economic Review, LX (June 1970), pp. 491–495.Google Scholar
[6]Kiein, Michael A. “A Theory of the Banking Firm,” Journal of Money, Credit and Banking, forthcoming.Google Scholar
[7]McCall, Alan S., “A Statistical Investigation of Commercial Banking as a Single Line of Commerce,” Working Paper No. 69–10, Economic Research Unit, Division of Research, Federal Deposit Insurance Corporation.Google Scholar
[8]Murphy, Neil B. and Weiss, Steven J., “The Effect of Concentration on Performance: Evaluating Statistical Studies,” Magazine of Bank Administration (November 1969).Google Scholar
[9]Shull, Bernard, “Nonlocal Competition for Time Deposits in Isolated One and Two Bank Towns,” Staff Economic Studies No. 40, Board of Governors of the Federal Reserve System.Google Scholar
[10]Weiss, Steven, “Commercial Bank Price Competition: The Case of ‘Free’ Checking Accounts,” New England Economic Review (September/October 1969).Google Scholar