Are More Competitive Banking Systems More Stable? / / Martin Cihak, Simon Wolfe, Klaus Schaeck

• Autore: Cihak Martin
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Descrizione fisica: 1 online resource (37 p.)
• Soggetto topico: Banks and banking; Bank management; Banks and Banking; Econometrics; Finance: General; Macroeconomics; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; General Financial Markets: General (includes Measurement and Data); Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Financial Crises; Banking; Finance; Econometrics & economic statistics; Economic & financial crises & disasters; Competition; Commercial banks; Logit models; Systemic crises; Econometric models; Financial crises
• Soggetto geografico: United States
• Altri autori: WolfeSimon SchaeckKlaus
• Note generali: "June 2006."
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: ""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""
• Sommario/riassunto: 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.
• Titolo autorizzato: Are More Competitive Banking Systems More Stable
• ISBN: 1-4623-0036-7; 1-4527-8848-0; 1-283-51897-X; 1-4527-0150-4; 9786613831422
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788688903321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/143