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Reply to “Remarks on Bank Competition and Convergence Dynamics”

by Maria Karadima 1,* and Helen Louri 1,2
1
Department of Economics, Athens University of Economics and Business, 76 Patission Street, GR-10434 Athens, Greece
2
European Institute/Hellenic Observatory, London School of Economics, Houghton Street, London WC2A 2AE, UK
*
Author to whom correspondence should be addressed.
J. Risk Financial Manag. 2020, 13(6), 127; https://doi.org/10.3390/jrfm13060127
Received: 10 June 2020 / Accepted: 11 June 2020 / Published: 15 June 2020
(This article belongs to the Special Issue Financial Statistics and Data Analytics)
In this reply, we provide detailed answers to the remarks made by Tsionas on the use of stochastic frontier-based measures of market power in a part of our empirical study, which examines the fragmentation and convergence dynamics of market power, concentration and credit risk in the euro area banking sector during 2005–2017. Our answers clarify all the issues raised by Tsionas and show that the only challenging, in our opinion, point of the criticism has been based on a hypothesis that does not hold in the case of our study. View Full-Text
Keywords: Lerner index; stochastic frontiers; convergence analysis Lerner index; stochastic frontiers; convergence analysis
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Karadima, M.; Louri, H. Reply to “Remarks on Bank Competition and Convergence Dynamics”. J. Risk Financial Manag. 2020, 13, 127.

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