LEADER 04915oam 22012014 450 001 9910822930903321 005 20200520144314.0 010 $a1-4623-0036-7 010 $a1-4527-8848-0 010 $a1-283-51897-X 010 $a1-4527-0150-4 010 $a9786613831422 035 $a(CKB)3360000000444045 035 $a(EBL)3014536 035 $a(SSID)ssj0000940054 035 $a(PQKBManifestationID)11571939 035 $a(PQKBTitleCode)TC0000940054 035 $a(PQKBWorkID)10937830 035 $a(PQKB)11353558 035 $a(OCoLC)694141241 035 $a(IMF)WPIEE2006143 035 $a(MiAaPQ)EBC3014536 035 $a(IMF)WPIEA2006143 035 $a(EXLCZ)993360000000444045 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aAre More Competitive Banking Systems More Stable? /$fMartin Cihak, Simon Wolfe, Klaus Schaeck 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (37 p.) 225 1 $aIMF Working Papers 300 $a"June 2006." 311 $a1-4518-6403-5 320 $aIncludes bibliographical references. 327 $a""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"" 327 $a""REFERENCES"" 330 3 $aThis paper provides the first empirical analysis of the cross-country relationship between a direct measure of competitive conduct of financial institutions and banking system fragility. Using the Panzar and Rosse H-Statistic as a measure for competition in 38 countries during 1980-2003, we present evidence that more competitive banking systems are less prone to systemic crises and that time to crisis is longer in a competitive environment. Our results hold when concentration and the regulatory environment are controlled for and are robust to different methodologies, different sampling periods, and alternative samples. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/143 606 $aBanks and banking 606 $aBank management 606 $aBanking$2imf 606 $aBanks and Banking$2imf 606 $aBanks and banking$2imf 606 $aBanks$2imf 606 $aCommercial banks$2imf 606 $aCompetition$2imf 606 $aDepository Institutions$2imf 606 $aDiscrete Regression and Qualitative Choice Models$2imf 606 $aDiscrete Regressors$2imf 606 $aEconometric models$2imf 606 $aEconometrics & economic statistics$2imf 606 $aEconometrics$2imf 606 $aEconomic & financial crises & disasters$2imf 606 $aFinance$2imf 606 $aFinance: General$2imf 606 $aFinancial Crises$2imf 606 $aFinancial crises$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aLogit models$2imf 606 $aMacroeconomics$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aProportions$2imf 606 $aSystemic crises$2imf 607 $aUnited States$2imf 615 0$aBanks and banking. 615 0$aBank management. 615 7$aBanking 615 7$aBanks and Banking 615 7$aBanks and banking 615 7$aBanks 615 7$aCommercial banks 615 7$aCompetition 615 7$aDepository Institutions 615 7$aDiscrete Regression and Qualitative Choice Models 615 7$aDiscrete Regressors 615 7$aEconometric models 615 7$aEconometrics & economic statistics 615 7$aEconometrics 615 7$aEconomic & financial crises & disasters 615 7$aFinance 615 7$aFinance: General 615 7$aFinancial Crises 615 7$aFinancial crises 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aLogit models 615 7$aMacroeconomics 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aProportions 615 7$aSystemic crises 700 $aCihak$b Martin$01106217 701 $aSchaeck$b Klaus$01768753 701 $aWolfe$b Simon$01677570 801 0$bDcWaIMF 906 $aBOOK 912 $a9910822930903321 996 $aAre More Competitive Banking Systems More Stable$94232630 997 $aUNINA