04861oam 22011774 450 991078868890332120230828230410.01-4623-0036-71-4527-8848-01-283-51897-X1-4527-0150-49786613831422(CKB)3360000000444045(EBL)3014536(SSID)ssj0000940054(PQKBManifestationID)11571939(PQKBTitleCode)TC0000940054(PQKBWorkID)10937830(PQKB)11353558(OCoLC)694141241(MiAaPQ)EBC3014536(IMF)WPIEE2006143(EXLCZ)99336000000044404520020129d2006 uf 0engur|n|---|||||txtccrAre More Competitive Banking Systems More Stable? /Martin Cihak, Simon Wolfe, Klaus SchaeckWashington, D.C. :International Monetary Fund,2006.1 online resource (37 p.)IMF Working Papers"June 2006."1-4518-6403-5 Includes bibliographical references.""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""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.IMF Working Papers; Working Paper ;No. 2006/143Banks and bankingBank managementBanks and BankingimfEconometricsimfFinance: GeneralimfMacroeconomicsimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfGeneral Financial Markets: General (includes Measurement and Data)imfDiscrete Regression and Qualitative Choice ModelsimfDiscrete RegressorsimfProportionsimfFinancial CrisesimfBankingimfFinanceimfEconometrics & economic statisticsimfEconomic & financial crises & disastersimfCompetitionimfCommercial banksimfLogit modelsimfSystemic crisesimfBanks and bankingimfEconometric modelsimfFinancial crisesimfUnited StatesimfBanks and banking.Bank management.Banks and BankingEconometricsFinance: GeneralMacroeconomicsBanksDepository InstitutionsMicro Finance InstitutionsMortgagesGeneral Financial Markets: General (includes Measurement and Data)Discrete Regression and Qualitative Choice ModelsDiscrete RegressorsProportionsFinancial CrisesBankingFinanceEconometrics & economic statisticsEconomic & financial crises & disastersCompetitionCommercial banksLogit modelsSystemic crisesBanks and bankingEconometric modelsFinancial crisesCihak Martin1106217Wolfe Simon1558653Schaeck Klaus1509560DcWaIMFBOOK9910788688903321Are More Competitive Banking Systems More Stable3823224UNINA