01133nam0-2200349---450 99000864900040332120220902102638.0978-88-604-9027-8000864900FED01000864900(Aleph)000864900FED0120080418d2007----km-y0itay50------baitaITa-------001yyDal manuale al webcultura tecnica, informazione tecnica e produzione edilizia per il progetto di architetturaprefazione di Nicola Sinopolitesti di Riccardo Cianchetti ... [et al.]a cura di Valeria TatanoRomaOfficina2007198 p.ill.24 cmCostruzioni e informaticaSinopoli,NicolaTatano,ValeriaCianchetti,RiccardoITUNINARICAUNIMARCBK990008649000403321B 1069 CAN485DARPUB 1070 CAN484DARPUB 1042 CAN483DARPU1579 SEZ. ANDRIELLOs.i.DARPUDARPUDal manuale al web716300UNINA06459oam 22015854 450 991096453430332120250426110059.097866138236639781462347773146234777097814527793931452779392978128345039312834503999781451910100145191010X(CKB)3360000000443362(EBL)3012548(SSID)ssj0001323906(PQKBManifestationID)11978484(PQKBTitleCode)TC0001323906(PQKBWorkID)11505603(PQKB)10456336(OCoLC)568151313(IMF)WPIEE2006297(MiAaPQ)EBC3012548(IMF)WPIEA2006297WPIEA2006297(EXLCZ)99336000000044336220020129d2006 uf 0engur|n|---|||||txtccrBank Risk-Taking and Competition Revisited : New Theory and New Evidence /Gianni De Nicolo, Abu M. Jalal, John Boyd1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (51 p.)IMF Working Papers"December 2006."9781451865578 1451865570 Includes bibliographical references (p. 48-49).""Bank Risk-Taking and Competition Revisited: New Theory and New Evidence""; ""Contents""; ""I. INTRODUCTION""; ""II. THEORY""; ""III. EVIDENCE""; ""IV. CONCLUSION""; ""Appendix I. Pareto Dominant Equilibria""; ""References""This paper studies two new models in which banks face a non-trivial asset allocation decision. The first model (CVH) predicts a negative relationship between banks' risk of failure and concentration, indicating a trade-off between competition and stability. The second model (BDN) predicts a positive relationship, suggesting no such trade-off exists. Both models can predict a negative relationship between concentration and bank loan-to-asset ratios, and a nonmonotonic relationship between bank concentration and profitability. We explore these predictions empirically using a cross-sectional sample of about 2,500 U.S. banks in 2003 and a panel data set of about 2,600 banks in 134 nonindustrialized countries for 1993-2004. In both these samples, we find that banks' probability of failure is positively and significantly related to concentration, loan-to-asset ratios are negatively and significantly related to concentration, and bank profits are positively and significantly related to concentration. Thus, the risk predictions of the CVH model are rejected, those of the BDN model are not, there is no trade-off between bank competition and stability, and bank competition fosters the willingness of banks to lend.IMF Working Papers; Working Paper ;No. 2006/297Bank failuresEconometric modelsCompetitionEconometric modelsBank loansEconometric modelsRiskEconometric modelsBankingimfBanks and BankingimfBanks and bankingimfBanksimfBondsimfCapital and Ownership StructureimfCompetitionimfDepository InstitutionsimfEconometric analysisimfEconometric modelsimfEconometrics & economic statisticsimfEconometricsimfEstimation techniquesimfEstimationimfFinanceimfFinance: GeneralimfFinancial institutionsimfFinancial marketsimfFinancial Risk and Risk ManagementimfFinancing PolicyimfGeneral Financial Markets: General (includes Measurement and Data)imfGoodwillimfIncomeimfIndustries: Financial ServicesimfInvestment & securitiesimfInvestments: BondsimfLoansimfMacroeconomicsimfMicro Finance InstitutionsimfMortgagesimfNational accountsimfOligopoly and Other Imperfect MarketsimfPersonal incomeimfPersonal Income, Wealth, and Their DistributionsimfValue of FirmsimfUnited StatesimfBank failuresEconometric models.CompetitionEconometric models.Bank loansEconometric models.RiskEconometric models.BankingBanks and BankingBanks and bankingBanksBondsCapital and Ownership StructureCompetitionDepository InstitutionsEconometric analysisEconometric modelsEconometrics & economic statisticsEconometricsEstimation techniquesEstimationFinanceFinance: GeneralFinancial institutionsFinancial marketsFinancial Risk and Risk ManagementFinancing PolicyGeneral Financial Markets: General (includes Measurement and Data)GoodwillIncomeIndustries: Financial ServicesInvestment & securitiesInvestments: BondsLoansMacroeconomicsMicro Finance InstitutionsMortgagesNational accountsOligopoly and Other Imperfect MarketsPersonal incomePersonal Income, Wealth, and Their DistributionsValue of FirmsDe Nicolo Gianni375199Boyd John341064Jalal Abu M1816426International Monetary Fund.Research Dept.DcWaIMFBOOK9910964534303321Bank Risk-Taking and Competition Revisited4372569UNINA