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.
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© 2000 Palgrave Macmillan, a division of Macmillan Publishers Limited
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de Pinho, P.S. (2000). Market Share Dynamics and Instruments of Competition in the Portuguese Deposits Market. In: Gardener, E.P.M., Falzon, J. (eds) Strategic Challenges in European Banking. Palgrave Macmillan, London. https://doi.org/10.1057/9780230377363_5
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DOI: https://doi.org/10.1057/9780230377363_5
Publisher Name: Palgrave Macmillan, London
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