05080oam 22012734 450 991097506260332120250426110131.0978661383142297814623003651462300367978145278848714527884809781283518970128351897X97814527015091452701504(CKB)3360000000444045(EBL)3014536(SSID)ssj0000940054(PQKBManifestationID)11571939(PQKBTitleCode)TC0000940054(PQKBWorkID)10937830(PQKB)11353558(OCoLC)694141241(IMF)WPIEE2006143(MiAaPQ)EBC3014536(IMF)WPIEA2006143WPIEA2006143(EXLCZ)99336000000044404520020129d2006 uf 0engur|n|---|||||txtccrAre More Competitive Banking Systems More Stable? /Martin Cihak, Simon Wolfe, Klaus Schaeck1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (37 p.)IMF Working Papers"June 2006."9781451864038 1451864035 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 managementBankingimfBanks and BankingimfBanks and bankingimfBanksimfCommercial banksimfCompetitionimfDepository InstitutionsimfDiscrete Regression and Qualitative Choice ModelsimfDiscrete RegressorsimfEconometric modelsimfEconometrics & economic statisticsimfEconometricsimfEconomic & financial crises & disastersimfFinanceimfFinance: GeneralimfFinancial CrisesimfFinancial crisesimfGeneral Financial Markets: General (includes Measurement and Data)imfLogit modelsimfMacroeconomicsimfMicro Finance InstitutionsimfMortgagesimfProportionsimfSystemic crisesimfUnited StatesimfBanks and banking.Bank management.BankingBanks and BankingBanks and bankingBanksCommercial banksCompetitionDepository InstitutionsDiscrete Regression and Qualitative Choice ModelsDiscrete RegressorsEconometric modelsEconometrics & economic statisticsEconometricsEconomic & financial crises & disastersFinanceFinance: GeneralFinancial CrisesFinancial crisesGeneral Financial Markets: General (includes Measurement and Data)Logit modelsMacroeconomicsMicro Finance InstitutionsMortgagesProportionsSystemic crisesCihak Martin1106217Schaeck Klaus1816436Wolfe Simon1816437DcWaIMFBOOK9910975062603321Are More Competitive Banking Systems More Stable4372514UNINA