Bank market in United Kingdom

atms, banks, bar, bricks, magazine, magazine, retail banking, savings,

the microeconomics of retail banking an empirical analysis uk market for personal current accounts céline gondat larralde & erlend nier bank england financial industry and regulation division october 2003 views expressed in this presentation are our own do not necessarily reflect those 1 introduction motivation is important banks level concentration some markets may raise competition issues need to understand from both a stability efficiency point view focus on account key element relationship between customers their agenda analyse evolution s shares pricing behaviour address two questions responding price differentials 2 if which type imperfect best fits data literature classical scp studies at rather than product heffernan 2002 prices other products main finding dispersion study frictions switching costs