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Record Nr. |
UNINA9910464008303321 |
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Autore |
Boyd John H |
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Titolo |
Bank competition, risk, and asset allocations [[electronic resource] /] / prepared by john H. Boyd, Gianni De NicoloĢ and Abu M. Jalal |
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Pubbl/distr/stampa |
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[Washington, D.C.], : International Monetary Fund, Research Dept., 2009 |
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ISBN |
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1-4623-7595-2 |
1-4527-9648-3 |
1-282-84357-5 |
1-4518-7290-9 |
9786612843570 |
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Descrizione fisica |
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1 online resource (37 p.) |
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Collana |
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IMF working paper ; ; WP/09/143 |
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Altri autori (Persone) |
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De NicoloĢGianni |
JalalAbu M |
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Soggetti |
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Banks and banking - Econometric models |
Competition - Econometric models |
Asset allocation |
Risk management |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di contenuto |
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Table of Contents; I. Introduction; II. The Model; Entrepreneurs; Depositors; Banks; Equilibrium; III. Evidence; A. Measurement of competition; B. Measurement of risk; C. Samples; D. Results for the U.S. Sample; E. Results for the International Sample; IV. Alternative Risk Measures; A. Loan Loss Measures of Risk; B. Actual Failures (or near failures) as the Dependent Variable; V. Conclusion; References; Tables; 1. U.S. Sample; 2. U.S. Sample Regressions; 3. International Sample; 4. International Sample Regressions; 5. U.S. Sample Loan Loss Measures; 6. International Sample Loan Loss Measures |
7. International Sample: Proxy Measures of (near) Failure |
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Sommario/riassunto |
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We study a banking model in which banks invest in a riskless asset and compete in both deposit and risky loan markets. The model predicts |
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that as competition increases, both loans and assets increase; however, the effect on the loans-to-assets ratio is ambiguous. Similarly, as competition increases, the probability of bank failure can either increase or decrease. We explore these predictions empirically using a cross-sectional sample of 2,500 U.S. banks in 2003, and a panel data set of about 2600 banks in 134 non-industrialized countries for the period 1993-2004. With both samples, we find tha |
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