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010   $a1-4527-0150-4
010   $a9786613831422
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035   $a(SSID)ssj0000940054
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035   $a(PQKBTitleCode)TC0000940054
035   $a(PQKBWorkID)10937830
035   $a(PQKB)11353558
035   $a(OCoLC)694141241
035   $a(MiAaPQ)EBC3014536
035   $a(IMF)WPIEE2006143
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   $aBanks and Banking$2imf
606   $aEconometrics$2imf
606   $aFinance: General$2imf
606   $aMacroeconomics$2imf
606   $aBanks$2imf
606   $aDepository Institutions$2imf
606   $aMicro Finance Institutions$2imf
606   $aMortgages$2imf
606   $aGeneral Financial Markets: General (includes Measurement and Data)$2imf
606   $aDiscrete Regression and Qualitative Choice Models$2imf
606   $aDiscrete Regressors$2imf
606   $aProportions$2imf
606   $aFinancial Crises$2imf
606   $aBanking$2imf
606   $aFinance$2imf
606   $aEconometrics & economic statistics$2imf
606   $aEconomic & financial crises & disasters$2imf
606   $aCompetition$2imf
606   $aCommercial banks$2imf
606   $aLogit models$2imf
606   $aSystemic crises$2imf
606   $aBanks and banking$2imf
606   $aEconometric models$2imf
606   $aFinancial crises$2imf
607   $aUnited States$2imf
615  0$aBanks and banking.
615  0$aBank management.
615  7$aBanks and Banking
615  7$aEconometrics
615  7$aFinance: General
615  7$aMacroeconomics
615  7$aBanks
615  7$aDepository Institutions
615  7$aMicro Finance Institutions
615  7$aMortgages
615  7$aGeneral Financial Markets: General (includes Measurement and Data)
615  7$aDiscrete Regression and Qualitative Choice Models
615  7$aDiscrete Regressors
615  7$aProportions
615  7$aFinancial Crises
615  7$aBanking
615  7$aFinance
615  7$aEconometrics & economic statistics
615  7$aEconomic & financial crises & disasters
615  7$aCompetition
615  7$aCommercial banks
615  7$aLogit models
615  7$aSystemic crises
615  7$aBanks and banking
615  7$aEconometric models
615  7$aFinancial crises
700   $aCihak$b Martin$01106217
701   $aWolfe$b Simon$01677570
701   $aSchaeck$b Klaus$01661583
801  0$bDcWaIMF
906   $aBOOK
912   $a9910822930903321
996   $aAre More Competitive Banking Systems More Stable$94044562
997   $aUNINA