University of Asia and the Pacific professor Dr. Jovi Dacanay and her research associates Ella Mae Leonida and Michaela Nicole Meriño, both masteral graduates of the School of Economics, achieved a breakthrough into international publishing with their book Bank Competition and the Effects on Financial Stability: Insights into the Emerging Banking Markets of the Philippines.
Carefully peered-reviewed, Palgrave Macmillan published the book as part of its series on Studies in Banking and Financial Institutions. It emerges as one of the few locally authored books that have been well received by the international publishing community.
The book thoroughly explores the stability and efficiency of Philippine universal and commercial banks with an industrial organization framework and application of powerful econometric methods. The authors find broad stability and efficiency in ASEAN banks, but focus more deeply into Philippine banks.
The book shows that the Top 20 Philippine banks have sufficient market power, efficiency and stability that enabled them to withstand economic disruptions like the recent pandemic. It is the result of five years of research by the authors into the complicated topic.
