Abstract

This paper analyses the influence of the East Asian crisis and the subsequent reforms on the oligopolistic nature of the Thai banking industry. Since the crisis, there have been substantial changes in competitive environment, including a decline in the family ownership of banks as well as the arrival of new entrants. How did these changes affect a banking industry in which the six largest local banks accounted for over 70 per cent of market share? The estimated Lerner index from Bresnahan's (1989) conjectural variation model indicates the possibility of a decline in the degree of competition.

pdf

Additional Information

ISSN
2339-5206
Print ISSN
2339-5095
Pages
pp. 325-340
Launched on MUSE
2007-01-23
Open Access
No
Back To Top

This website uses cookies to ensure you get the best experience on our website. Without cookies your experience may not be seamless.