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Privatising Multi-product Banks

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  • Yosha, Oved

Abstract

In October 1983, following a stock market crash, the Israeli government became the owner of most of the banking system in the country. The government is now getting ready to privatize the banks. Using a simple model of imperfect competition between multiproduct banks, the paper evaluates two proposals which have been raised in this context: spinning off entire divisions versus splitting the banks into smaller banks. The degree of substitutability between banking products (e.g., short- and long-term credit) plays a key role in the analysis. Implications for banking reform in other countries are briefly discussed. Copyright 1995 by Royal Economic Society.

Suggested Citation

  • Yosha, Oved, 1995. "Privatising Multi-product Banks," Economic Journal, Royal Economic Society, vol. 105(433), pages 1435-1453, November.
    • Handle: RePEc:ecj:econjl:v:105:y:1995:i:433:p:1435-53
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    Cited by:

    1. Sigal Ribon & Oved Yosha, 1999. "Financial Liberalization and Competition in Banking: An Empirical Investigation," Bank of Israel Working Papers 1999.05, Bank of Israel.
    2. Guangliang Ye, 2016. "Leadership and Privatisation in a Mixed Multi-product Oligopoly: An Endogenous Timing Model," Australian Economic Papers, Wiley Blackwell, vol. 55(2), pages 170-180, June.
    3. Asher Blass & Yishay Yafeh & Oved Yosha, 1998. "Corporate Governance In An Emerging Market: The Case Of Israel," Journal of Applied Corporate Finance, Morgan Stanley, vol. 10(4), pages 79-89, January.
    4. Hedva Ber & Yishay Yafeh & Oved Yosha, 1997. "Conflict of Interest in Universal Banking: Evidence from the Post-­Issue Performance of IPO Firms," Bank of Israel Working Papers 1997.05, Bank of Israel.

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