In this article, the authors have revealed their problems in determining the level of competition among banks. In addition, analyzed the large disappointments in the creation of small competition, on the contrary, to increase the risk in banks to have strong competition. The article offers a paradigm to determine the most optimal position of the competition on the basis of the model too-big-to-fail (TBTF).
1.O‘zbekiston Respublikasi Prezidentining 2017 yil 7 fevraldagi “O‘zbekiston Respublikasini yanada rivojlantirish bo‘yicha Harakatlar strategiyasi to‘g‘risida” gi PF-4947-sonli farmoni. O‘zbekiston Respublikasi qonun hujjatlari to‘plami. – Toshkent, 2017. – № 6 (766). – 32-b. 2.https://www.imf.org/external/pubs/ft/wp/2013/wp13126.pdf 3.Demsetz, H. (1973) Industry structure, market rivalry and public policy, Journal of Law and Economics, 16, 1–9. 4.Stein, J., 2002, “Information Production and Capital Allocation: Decentralized versus Hierarchical Firms,” Journal of Finance, Vol. 57, No. 5, pp. 1891-921 5.Ariss, R. (2009). Competition behaviour in Middle East and North Africa banking systems. The Quarterly Review of Economics and Finance, 49, pp. 693-710. 6.Carbo, S., Humphrey, D., Maudos, J. & Molyneux, P. (2009). Cross-country comparisons of competition and pricing power in European banking. Journal of International Money and Finance, 28, pp. 115-134. 7.Demsetz, H. (1973) Industry structure, market rivalry and public policy, Journal of Law and Economics, 16, 1–9. 8.Hicks, J. (1935) Annual survey of economic theory: monopoly, Econometrica,3, 1–20. 9.Bikker, J.A. & Bos, J.W.B. (2005) Trends in competition and profitability in the banking industry: a basic framework, Suerf Series 2005/2. 10.Bikker, J.A. & Bos, J.W.B. (2008) Bank Performance: A theoretical and empirical framework for the analysis of profitability, competition and efficiency, Routledge International Studies in Money and Banking, Routledge, Londen & New York, 176 pages. 11.Koetter, M., Kolari, J.W. & Spierdijk, L. (2007) Testing the ‘quiet life’ of U.S. banks with Lerner indices, Universiteit van Groningen. 12.Panzar, J. & Rosse, J. (1987) Testing for ‘monopoly’ equilibrium, Journal of Industrial Economics,35, 443–456. 13.Boyd, J.H., and G. De Nicolo, 2005, “The theory of bank risk-taking and competition revisited,” Journal of Finance 60, 1329-1343 14.Anginer, D., and A. Demirguc-Kunt, 2011, “Has the global banking system become more fragile over time?,” World Bank Policy Research Working Paper No. 5849. 15.Brunnermeier, M. K., 2009, “Deciphering the liquidity and credit crunch 2007-2008,” Journal of Economic Perspectives 23: 77-100. 16.Schaeck, K., and M. Cihak, 2010, “Competition, efficiency, and soundness in banking: An industrial organization perspective,” European Banking Center Discussion Paper No.2010-20S. 17.https://www.imf.org/external/pubs/ft/wp/2013/wp13126.pdf 18. Dell’Ariccia, G., and R. Marquez, 2006, “Lending Booms and Lending Standards,” Journal of Finance, Vol. 61, No. 5, pp. 2511-546. Dell’Ariccia, G., D. Igan, and L. Laeven, 2012, “Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market,” Journal of Money, Credit and Banking, Vol. 44, No. 2-3, pp. 367–84. 19.Mirzayev F.I. Tijorat banklarida sifat menejmentini rivojlantirishda raqobat, axborotlarni oshkor etish va bank konsentarsiyasining o‘rni // Respublika ilmiy-amaliy konferensiyasi.– Toshkent: 2015, 27-28-b. 20.Ueda, K., and B. Weder di Mauro, 2012, “Quantifying Structural Subsidy Values for Systemically Important Financial Institutions,” IMF Working Paper 12/128. 21.Stein, J., 2002, “Information Production and Capital Allocation: Decentralized versus Hierarchical Firms,” Journal of Finance, Vol. 57, No. 5, pp. 1891-921. 22. Haldane, A., 2012, “On Being the Right Size,” Speech given at Institute of Economic Affairs 22nd Annual Series, The 2012 Beesley Lectures at the Institute of Directors. 2013, “Have We Solved 'Too Big To Fail'?” 23. Marinč, M., and R. Vlahu; 2011, The Economics of Bank Bankruptcy Law, Springer. Martinez-Miera D., and R. Repullo, 2010, “Does Competition Reduce the Risk of Bank Failure?” Review of Financial Studies, Vol. 23, pp. 3638-664
Mirzaev, F. and Qulmetov, M.
"THE PARADIGM FOR DETERMINING THE LEVEL OF COMPETITION AMONG COMMERCIAL BANKS,"
International Finance and Accounting: Vol. 2019
, Article 20.
Available at: https://uzjournals.edu.uz/interfinance/vol2019/iss2/20