Seminars & Events

Foreign Ownership and Market power in Banking

UCLan Cyprus

School of Business & Management

Research Series

 

Thursday 6th February 2014, 14:00 – 15:00  Room CY115

Presenter:  Sofronis Clerides, Associate Professor of Economics,  University of Cyprus

Title: “Foreign Ownership and Market power in Banking”


Abstract:

How does increasing globalization of the banking sector impact on the market power of individual banks? Using a novel global data set with bank-year estimates of market power we examine the impact on market power of (i) foreign ownership of individual banks and (ii) country-level foreign bank penetration. We find that the ownership status of individual banks does not explain their market power, but a high level of foreign presence at the country level does have a positive and significant effect on market power.

Biography:

Dr Sofronis Clerides is an Associate Professor of Economics at the University of Cyprus. He h?lds a BA in Economics and Mathematics from the University of Wisconsin and a PhD in Economics from Yale University. He has worked as a researcher at the World Bank, as a visiting lecturer at Yale University, and as a visiting scholar at Northwestern University. He is currently a Research Affiliate of the Centre for Economic Policy Research (CEPR) and a Senior Fellow at the Rimini Centre for Economic Analysis.

View flyer Here!

To better organise the event and plan catering, please, register your participation by email to Maria Thoma Georgiou at: info@uclancyprus.ac.cy