Competition and bank stability

Journal of Financial Intermediation - Tập 35 - Trang 57-69 - 2018
Martin R. Goetz1
1SAFE and Goethe University, Goethe University Frankfurt, Theodor-W.-Adorno-Platz 3, 60323 Frankfurt am Main, Germany

Tài liệu tham khảo

Allen, 2011, Credit market competition and capital regulation, Rev. Financ. Stud., 24, 983, 10.1093/rfs/hhp089 Allen, 2000 Amel, 1993 Baumol, 1982 Beck, 2006, Bank concentration and crises: first results, J. Bank. Finance, 30, 1581, 10.1016/j.jbankfin.2005.05.010 Beck, 2013, Bank competition and stability: cross-country heterogeneity, J. Financ. Intermed., 22, 218, 10.1016/j.jfi.2012.07.001 Beck, 2010, Big bad banks: the winners and losers from bank deregulation in the united states, J. Finance, 65, 1637, 10.1111/j.1540-6261.2010.01589.x Berger, 1989, The price-concentration relationship in banking, Rev. Econ. Stat., 71, 291, 10.2307/1926975 Bikker, 2002, Measures of competition and concentration in the banking industry: a review of the literature, Econ. Financ. Model., 9, 53 Bikker, 2012, Assessing competition with the Panzar–Rosse model: the role of scale, costs, and equilibrium, Rev. Econ. Stat., 94, 1025, 10.1162/REST_a_00210 Black, 2002, Entrepreneurship and bank credit availability, J. Finance, 57, 2807, 10.1111/1540-6261.00513 Boyd, 2005, The theory of bank risk taking and competition revisited, J. Finance, 60, 1329, 10.1111/j.1540-6261.2005.00763.x Boyd, J. H., de Nicolo, G., Loukoianova, E., 2009. Banking crises and crisis dating: theory and evidence. IMF working paper No. 09/141. Boyd, 1993, Size and performance of banking firms - testing the predictions of theory, J. Monet. Econ., 31, 47, 10.1016/0304-3932(93)90016-9 Calomiris, C. W., Mason, J. R., 2000. Causes of U.S. bank distress during the depression. NBER working paper 7919. Carlson, 2006, Branch banking, bank competition, and financial stability, J. Money Credit Bank., 38, 1293, 10.1353/mcb.2006.0067 Cetorelli, 2006, Finance as a barrier to entry: bank competition and industry structure in local u.s. markets, J. Finance, 56, 437, 10.1111/j.1540-6261.2006.00841.x Claessens, 2009, Competition in the financial sector: overview of competition policies, World Bank Res. Obs., 24, 83, 10.1093/wbro/lkp004 Cornaggia, 2015, Does banking competition affect innovation?, J. Financ. Econ., 115, 189, 10.1016/j.jfineco.2014.09.001 Dell’Ariccia, 2008, The real effect of banking crises, J. Financ. Intermed., 17, 89, 10.1016/j.jfi.2007.06.001 Demsetz, 1996, Banks with somethingto lose: the disciplinary role of franchise value, FRBNY Econ. Policy Rev, 2 Deng, 2008, Geographic diversification, bank holding company value, and risk, J. Money Credit Bank., 40, 1217, 10.1111/j.1538-4616.2008.00154.x Diamond, 1984, Financial intermediation and delegated monitoring, Rev. Econ.Stud., 51, 393, 10.2307/2297430 Duchin, 2014, Safer ratios, riskier portfolios: banks response to government aid, J. Financ. Econ., 113, 1, 10.1016/j.jfineco.2014.03.005 FDIC, 1997 Goetz, 2013, Identifying the valuation effects and agency costs of corporate diversification: evidence from the geographic diversification of U.S. banks, Rev. Financ. Stud., 26, 1787, 10.1093/rfs/hht021 Goetz, 2016, Does the geographic expansion of banks reduce risk?, J. Financ. Econ., 120, 346, 10.1016/j.jfineco.2016.01.020 Gropp, 2013, The impact of public guarantees on bank risk-taking: evidence from a natural experiment, Rev. Finance, 18, 457, 10.1093/rof/rft014 Guiso, 2004, The Cost of Banking Regulation, 125 Hellmann, 2000, Liberalization, moral hazard in banking, and prudential regulation: are capital requirements enough?, Am. Econ. Rev., 90, 147, 10.1257/aer.90.1.147 Jayaratne, 1996, The finance-growth nexus: evidence from bank branch deregulation, Q. J. Econ., 111, 639, 10.2307/2946668 Jayaratne, 1997, The benefits of branching deregulation, FRBNY Econ. Policy Rev., 3, 13 Jayaratne, 1998, Entry restrictions, industry evolution, and dynamic efficiency: evidence from commercial banking, J. Law Econ., 41, 239, 10.1086/467390 Jiang, 2016, Competition and bank opacity, Rev. Financ. Stud., 29, 1911, 10.1093/rfs/hhw016 Jimenez, 2013, How does competition impact bank risk-taking?, J. Financ. Stab., 9, 185, 10.1016/j.jfs.2013.02.004 Kane, 1996, De jureinterstate banking: why only now?, J. Money Credit Bank., 28, 141, 10.2307/2078020 Keeley, 1990, Deposit insurance, risk, and market power in banking, Am. Econ. Rev., 80, 1183 Koetter, 2012, Enjoying the quiet life under deregulation? evidence from adjusted lerner indices for U.S. banks, Rev. Econ. Stat., 94, 462, 10.1162/REST_a_00155 Kroszner, 1999, What drives deregulation? economics and politics of the relaxation of bank branching restrictions, Q. J. Econ., 114, 1437, 10.1162/003355399556223 Laeven, 2009, Bank governance, regulation and risk taking, J. Financ. Econ., 93, 259, 10.1016/j.jfineco.2008.09.003 Rice, 2010, Does credit competition affect small-firm finance?, J. Finance, 65, 861, 10.1111/j.1540-6261.2010.01555.x Roberts, 2013, Endogeneity in empirical corporate finance, vol.2, Part A, 493 Roy, 1952, Safety first and the holding of assets, Econometrica, 431, 10.2307/1907413 Schaeck, 2009, Are competitive banking systems more stable?, J. Money Credit Bank., 41, 711, 10.1111/j.1538-4616.2009.00228.x Stiroh, 2003, Competitive dynamics of deregulation: evidence from U.S. banking, J. Money Credit Bank., 35, 801, 10.1353/mcb.2003.0040 Subramanian, 2012, Deregulationof bank entry and bank failures Wagner, 2010, Loan market competition and bank risk-taking, J. Financ. Serv. Res., 37, 71, 10.1007/s10693-009-0073-8