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Record Nr. |
UNINA9910828973203321 |
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Autore |
Boyd John |
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Titolo |
Bank Competition, Risk, and Asset Allocations / / John Boyd, Gianni De Nicolo, Abu M. Jalal |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 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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Edizione |
[1st ed.] |
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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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De NicoloGianni |
JalalAbu M |
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Disciplina |
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Soggetti |
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Banks and banking - Econometric models |
Competition - Econometric models |
Asset allocation |
Risk management |
Bank credit |
Banking |
Banks and Banking |
Banks and banking |
Banks |
Competition |
Credit |
Depository Institutions |
Distressed institutions |
Finance |
Finance: General |
Financial Institutions and Services: General |
Financial services industry |
General Financial Markets: General (includes Measurement and Data) |
Industries: Financial Services |
Loans |
Micro Finance Institutions |
Monetary economics |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Money and Monetary Policy |
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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 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 that banks' probability of failure is negatively and significantly related to measures of competition, and that the loan-to-asset ratio is positively and significantly related to measures of competition. Furthermore, several loan loss measures commonly employed in the literature are negatively and significantly related to measures of bank competition. Thus, there is no evidence of a trade-off between bank competition and stability, and bank competition seems to foster banks' willingness to lend. |
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