Does Competition Reduce the Risk of Bank Failure?

Review of Financial Studies - Tập 23 Số 10 - Trang 3638-3664 - 2010
David Martínez-Miera1, Rafael Repullo2
1UC3M Business Department
2CEMFI and CEPR

Tóm tắt

Từ khóa


Tài liệu tham khảo

Allen F Gale D . Comparing Financial Systems. Cambridge, MA: MIT Press; 2000.

Basel Committee on Banking Supervision. International Convergence of Capital Measurement and Capital Standards. A Revised Framework 2004. Bank for International Settlements.

10.1007/s10693-008-0050-7

Besanko D Thakor A . Relationship Banking, Deposit Insurance, and Bank Portfolio Choice. In: Mayer C Vives X , editors. Capital Markets and Financial Intermediation. Cambridge: Cambridge University Press; 1993. p. 292-318.

10.1111/j.1540-6261.2005.00763.x

Boyd J De Nicolo G Jalal A . 2006. Bank Risk-Taking and Competition Revisited: New Theory and New Evidence. IMF Working Paper WP/06/297.

10.1016/0014-2921(94)00016-S

Elizalde, 2007, Economic and Regulatory Capital in Banking: What Is the Difference?, International Journal of Central Banking, 3, 87

Goodhart, 1995, Should the Functions of Monetary Policy and Banking Supervision be Separated?, Oxford Economic Papers, 47, 539, 10.1093/oxfordjournals.oep.a042187

10.1016/S1042-9573(03)00040-8

Fudenberg D Tirole J . Game Theory. Cambridge, MA: MIT Press; 1991.

10.1257/aer.90.1.147

Keeley, 1990, Deposit Insurance, Risk and Market Power in Banking, American Economic Review, 80, 1183

Martinez-Miera D . Capital Requirements and Bank Failure. In Three Essays on Banking and Microfinance, CEMFI-UIMP PhD dissertation, Chapter 3 2009.

10.1016/S0014-2921(98)00057-9

10.2307/2978814

10.1016/S0014-2921(02)00241-6

10.1016/j.jfi.2003.08.005

10.2307/3003323

Stiglitz, 1981, Credit Rationing in Markets with Imperfect Information, American Economic Review, 71, 393

Tirole J . The Theory of Industrial Organization. Cambridge, MA: MIT Press; 1988.

Vasicek, 2002, Loan Portfolio Value, Risk, 15, 160

10.2307/2971710