How Does Bank Competition Affect Systemic Stability?

Asli Demirgüç-Kunt; Deniz Anginer; Min Zhu

doi:10.2139/ssrn.2020584

journal article Open Access Jan 01, 2012

How Does Bank Competition Affect Systemic Stability?

Asli Demirgüç-Kunt Deniz Anginer Min Zhu

SSRN Electronic Journal · Elsevier BV

View at Publisher Save 10.2139/ssrn.2020584

Topics

No keywords indexed for this article. Browse by subject →

References

61

[1]

A N Berger "Bank competition and financial stability" Journal of Financial Services Research (2009) 10.1007/s10693-008-0050-7

[2]

A C Bertay "Is the financial safety net a barrier to cross-border banking" World Bank Policy Research Working Paper No. 5947 (2012) 10.1596/1813-9450-5947

[3]

M Billio "Econometric measures of connectedness and systemic risk in the finance and insurance sectors" Journal of Financial Economics (2012) 10.1016/j.jfineco.2011.12.010

[4]

J Bikker "How banking competition changed over time" DNB Working Papers (2008)

[5]

P Bongini "How good is the market at assessing bank fragility? A horse race between different indicators" Journal of Banking and Finance (2002) 10.1016/s0378-4266(01)00264-3

[6]

A W A Boot "Self-interested bank regulation" American Economic Review (1993)

[7]

J H Boyd "The theory of bank risk-taking and competition revisited" Journal of Finance (2005) 10.1111/j.1540-6261.2005.00763.x

[8]

J H Boyd "Size and performance of banking firms -testing the predictions of theory" Journal of Monetary Economics (1993) 10.1016/0304-3932(93)90016-9

[9]

M Bruhn Bank competition, concentration, and credit reporting (2012) 10.1596/1813-9450-6442

[10]

M K Brunnermeier "Deciphering the liquidity and credit crunch" Journal of Economic Perspectives (2007) 10.1257/jep.23.1.77

[11]

M K Brunnermeier Banks' non-interest income and systemic risk (2011) 10.2139/ssrn.1786738

[12]

J Y Campbell "In search of distress risk" Journal of Finance (2008) 10.1111/j.1540-6261.2008.01416.x

[13]

E Carletti "Competition and regulation in banking" Handbook of Financial Intermediation and Banking (2008) 10.1016/b978-044451558-2.50022-2

[14]

J A Chan-Lau The END: A new indicator of financial and nonfinancial corporate sector vulnerability (2005) 10.5089/9781451862508.001

[15]

S Claessens "What drives bank competition? Some international evidence" Journal of Money, Credit and Banking (2004) 10.1353/mcb.2004.0044

[16]

J Danielsson Risk appetite and endogenous risk (2009) 10.2139/ssrn.1360866

[17]

H Degryse "Competition and regulation in the banking sector: A review of the empirical evidence on the sources of bank rents" Handbook of Financial Intermediation and Banking (2008) 10.1016/b978-044451558-2.50023-4

[18]

G Dell'ariccia "Information and bank credit allocation" Journal of Financial Economics (2004) 10.1016/s0304-405x(03)00210-1

[19]

A Demirguc-Kunt "Does Deposit Insurance Increase Banking System Stability? An Empirical Investigation" Journal of Monetary Economics (2002) 10.1016/s0304-3932(02)00171-x

[20]

A Demirguc-Kunt "Market discipline and deposit insurance" Journal of Monetary Economics (2004) 10.1016/j.jmoneco.2003.04.001

[21]

A Demirguc-Kunt "Deposit insurance around the globe: Where does it work?" Journal of Economic Perspectives (2002) 10.1257/0895330027319

[22]

A Demirguc-Kunt "Determinants of deposit-insurance adoption and design" Journal of Financial Intermediation (2008) 10.1016/j.jfi.2007.03.009

[23]

A Demirguc-Kunt "Regulations, Market Structure, Institutions and the Cost of Financial Intermediation" Journal of Money, Credit and Banking (2004) 10.1353/mcb.2004.0045

[24]

A Demirguc-Kunt A framework for analyzing competition in the banking sector: an application to the case of Jordan (2010) 10.1596/1813-9450-5499

[25]

S Djankov "Private credit in 129 countries" Journal of Financial Economics (2007) 10.1016/j.jfineco.2006.03.004

[26]

H Elsinger Using market information for banking system risk assessment (2005) 10.2139/ssrn.787929

[27]

G Gennotte "Market liquidity, hedging, and crashes" American Economic Review (1990)

[28]

H Hakenes "Capital regulation, bank competition, and financial stability" Economics Letters (2011) 10.1016/j.econlet.2011.07.008

[29]

R Hauswald "Competition and strategic information acquisition in credit markets" Review of Financial Studies (2006) 10.1093/rfs/hhj021

[30]

T F Hellmann "Liberalization, moral hazard in banking, and prudential regulation: Are capital requirements enough?" American Economic Review (2000) 10.1257/aer.90.1.147

[31]

S Hillegeist "Assessing the probability of bankruptcy" Review of Accounting Studies (2004) 10.1023/b:rast.0000013627.90884.b7

[32]

X Huang "A framework for assessing the systemic risk of major financial institutions" Journal of Banking and Finance (2009) 10.1016/j.jbankfin.2009.05.017

[33]

H Hong "Differences of opinion, short-sales constraints, and market crashes" Review of Financial Studies (2003) 10.1093/rfs/hhg006

[34]

A Hovakimian Variation in systemic risk at US banks during 1974-2010 (2012) 10.3386/w18043

[35]

S Johnson 13 bankers: The Wall Street takeover and the next financial meltdown (2011)

[36]

E J Kane The S&I. insurance mess: How did it happen? (1989)

[37]

G A Karolyi "Understanding commonality in liquidity around the world" Journal of Financial Economics (2011) 10.1016/j.jfineco.2011.12.008

[38]

M Keeley "Deposit insurance, risk, and market power in banking" American Economic Review (1990)

[39]

L E Kodres "A rational expectations model of financial contagion" Journal of Finance (2002) 10.1111/1540-6261.00441

[40]

R Koenker "Quantile regression" Journal of Economic Perspectives (2001) 10.1257/jep.15.4.143

[41]

L Laeven Systemic banking crises: A new database (2008)

[42]

C Lin Bank Competition, Credit Information Sharing and Banking Efficiency (2010)

[43]

I Love How bank competition affects firms' access to finance? (2012) 10.1596/1813-9450-6163

[44]

A J Marcus "Deregulation and bank financial policy" Journal of Banking and Finance (1984) 10.1016/s0378-4266(84)80046-1

[45]

D Martinez-Miera "Does competition reduce the risk of bank failure?" Review of Financial Studies (2010) 10.1093/rfs/hhq057

[46]

C Matutes "Competition for deposits, fragility, and insurance" Journal of Financial Intermediation (1996) 10.1006/jfin.1996.0010

[47]

R C Merton "On the pricing of corporate debt: the risk structure of interest rates" Journal of Finance (1974) 10.1111/j.1540-6261.1974.tb03058.x

[48]

R C Merton "On the pricing of contingent claims and the Modigliani-Miller theorem" Journal of Financial Economics (1977) 10.1016/0304-405x(77)90020-4

[49]

R C Merton "An analytic derivation of the cost of deposit insurance and loan guarantees: An application of modern option pricing theory" Journal of Banking and Finance (1977) 10.1016/0378-4266(77)90015-2

[50]

K Moore Identifying systemically important financial institutions: Size and other determinants (2011) 10.2139/ssrn.2104145

Showing 50 of 61 references

Metrics

4

Citations

61

References

Details

Published: Jan 01, 2012

Authors

Chemical and Screening Sciences, and Cardiovascular and Metabolic Diseases, Wyeth Research, 200 Cambridge Park Drive, Cambridge, Massachusetts 02140, Chemical and Screening Sciences, Wyeth Research, 401 Middletown Road, Pearl River, New York 10965, Discovery PK, Wyeth Research, One Burtt Rd, Andover, Massachusetts 01810, and Biotransformation, Wyeth Research, 500 Arcola Road, Collegeville, Pennsylvania 19426

Cite This Article

Asli Demirgüç-Kunt, Deniz Anginer, Min Zhu (2012). How Does Bank Competition Affect Systemic Stability?. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2020584

How Does Bank Competition Affect Systemic Stability?

You May Also Like