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Record Nr. |
UNINA9910788688903321 |
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Autore |
Cihak Martin |
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Titolo |
Are More Competitive Banking Systems More Stable? / / Martin Cihak, Simon Wolfe, Klaus Schaeck |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-0036-7 |
1-4527-8848-0 |
1-283-51897-X |
1-4527-0150-4 |
9786613831422 |
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Descrizione fisica |
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1 online resource (37 p.) |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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Banks and banking |
Bank management |
Banks and Banking |
Econometrics |
Finance: General |
Macroeconomics |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
General Financial Markets: General (includes Measurement and Data) |
Discrete Regression and Qualitative Choice Models |
Discrete Regressors |
Proportions |
Financial Crises |
Banking |
Finance |
Econometrics & economic statistics |
Economic & financial crises & disasters |
Competition |
Commercial banks |
Logit models |
Systemic crises |
Econometric models |
Financial crises |
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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 bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. LITERATURE REVIEW""; ""A. Competition and Concentration""; ""B. Concentration and Stability""; ""C. Competition and Stability""; ""D. Regulation, Supervision and Stability""; ""III. METHODOLOGY""; ""A. Duration Analysis""; ""B. Logistic Probability Analysis""; ""C. Panzar and Rosse (1987) H-Statistic""; ""IV. DATA AND SUMMARY STATISTICS""; ""V. REGRESSION RESULTS""; ""A. Main Results""; ""B. Robustness Tests""; ""C. Competitiveness, Regulation and Systemic Crises""; ""VI. CONCLUDING REMARKS""; ""DEFINITIONS OF VARIABLES AND DATA SOURCES"" |
""REFERENCES"" |
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Sommario/riassunto |
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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. |
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