Banking integration and market competition: Evidence from the ASEAN‐6 countries
研究了1996-2018年东盟六国银行业一体化对竞争的影响，发现开放促进竞争，但平衡一体化增强市场势力，而良好监管可降低外资银行带来的垄断。
Abstract This article investigates the effects of banking integration on banking competition in the ASEAN‐6 countries. Using a data set of 3217 bank‐year observations over the period 1996–2018, our main results indicate that: (i) banking openness positively affects banking competition; (ii) the overall degree of balanced (in/out) integration leads to greater market power; and (iii) the increase in the market monopoly following the participation of foreign banks can be reduced by good regulatory policies. These results remain intact when two alternative competition measures are employed and when a polynomial model and a threshold model are used to reveal the non‐linear and heterogeneous effects of banking integration.