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Market Share Dynamics and Instruments of Competition in the Portuguese Deposits Market

In: Strategic Challenges in European Banking

Author

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  • Paulo Soares Pinho

Abstract

Portugal has a long tradition of administrative restrictions on banking activity. Until 1986 all deposit and lending interest rates were set by authorities, entry to the market was simply banned, opening of new branches depended on the central bank’s authorisation, and all but three small institutions were owned by the government. This institutional framework led to a situation of virtually no competition in the market.

Suggested Citation

  • Paulo Soares Pinho, 2000. "Market Share Dynamics and Instruments of Competition in the Portuguese Deposits Market," Palgrave Macmillan Books, in: Edward P M Gardener & Joe Falzon (ed.), Strategic Challenges in European Banking, chapter 5, pages 112-120, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37736-3_5
    DOI: 10.1057/9780230377363_5
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