Are more competitive banking systems more stable? /

This paper provides the first empirical analysis of the cross-country relationship between a direct measure of competitive conduct of financial institutions and banking system fragility. Using the Panzar and Rosse H-Statistic as a measure for competition in 38 countries during 1980-2003, we present...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Schaeck, Klaus (Autor), Čihák, Martin (Autor), Wolfe, Simon (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, Research Dept., ©2006.
Colección:IMF working paper ; WP/06/143.
Temas:
Banks and banking.
Bank management.
Competition > Econometric models.
Banks and banking > Econometric models.
Compétitivité (Économie) > Modèles économétriques.
Banques > Modèles économétriques.
Banques > Gestion.
Competition > Econometric models
Banks and banking > Econometric models
Bank management
Banks and banking
Acceso en línea:Texto completo
Descripción
Sumario:This paper provides the first empirical analysis of the cross-country relationship between a direct measure of competitive conduct of financial institutions and banking system fragility. Using the Panzar and Rosse H-Statistic as a measure for competition in 38 countries during 1980-2003, we present evidence that more competitive banking systems are less prone to systemic crises and that time to crisis is longer in a competitive environment. Our results hold when concentration and the regulatory environment are controlled for and are robust to different methodologies, different sampling periods, and alternative samples.
Descripción Física:1 online resource (35 pages)
Bibliografía:Includes bibliographical references.
ISBN:9781452701509
1452701504

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