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How does competition affect efficiency and soundness in banking? New empirical evidence

Schaeck, Klaus; Čihák, Martin - 2008

A growing body of literature indicates that competition increases bank soundness. Applying an industrial organization … role in the transmission from competition to soundness. We use a two-pronged approach. First, we employ Granger causality … tests to establish the link between competition and measures of profit efficiency in banking, and find that competition …

Persistent link: https://www.econbiz.de/10011604978

Regulating Two-Sided Markets : An Empirical Investigation

Carbó Valverde, Santiago - 2010

We study the effect of government encouraged or mandated interchange fee ceilings on consumer and merchant adoption and usage of payment cards in an economy where card acceptance is far from complete. We believe that we are the first to use bank-level data to study the impact of interchange fee...

Persistent link: https://www.econbiz.de/10013149842

Financial integration and entrepreneurial activity: evidence from foreign bank entry in emerging markets

Giannetti, Mariassunta; Ongena, Steven - 2005

An extensive empirical literature has documented the positive growth effects of equity market liberalization. However, this line of research ignores the impact of financial integration on a category of firms crucial for economic development, i.e. the small entrepreneurial firms. This paper aims...

Persistent link: https://www.econbiz.de/10011604544

Systemic Risk Rankings and Network Centrality in the European Banking Sector

Bruyckere, Valerie De - 2015

This paper presents a methodology to calculate the Systemic Risk Ranking of financial institutions in the European banking sector using publicly available information. The proposed model makes use of the network structure of financial institutions by including the stock return series of all...

Persistent link: https://www.econbiz.de/10013014960

A Framework for Early-Warning Modeling with an Application to Banks

Lang, Jan Hannes; Peltonen, Tuomo; Sarlin, Peter - 2021

This paper proposes a framework for deriving early-warning models with optimal out-of-sample forecasting properties and applies it to predicting distress in European banks. The main contributions of the paper are threefold. First, the paper introduces a conceptual framework to guide the process...

Persistent link: https://www.econbiz.de/10013315402

A new approach to measuring competition in the loan markets of the euro area

van Leuvensteijn, Michiel; Bikker, Jacob A.; van … - 2007

This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … competition can consider the entire banking market only. A caveat of the Boone-indicator may be that it assumes that banks …

Persistent link: https://www.econbiz.de/10011604814

Inside Asset Purchase Programs : The Effects of Unconventional Policy on Banking Competition

Koetter, Michael - 2017

We test if unconventional monetary policy instruments influence the competitive conduct of banks. Between q2:2010 and q1:2012, the ECB absorbed €218 billion worth of government securities from five EMU countries under the Securities Markets Programme (SMP). Using detailed security holdings...

Persistent link: https://www.econbiz.de/10012963132

Bank Bailouts and Competition - Did TARP Distort Competition Among Sound Banks?

Koetter, Michael; Noth, Felix - 2015

This study investigates if the Troubled Asset Relief Program (TARP) distorted price competition in U.S. banking …

Persistent link: https://www.econbiz.de/10013020652

Competition and Bank Risk : The Effect of Securitization and Bank Capital

Marqués Ibáñez, David - 2014

the effect of competition on realised bank risk (i.e. more intense competition and greater use of securitisation is … impact of competition on realised risk. It follows that cooperation between supervisory and competition authorities is …

Persistent link: https://www.econbiz.de/10013054085

The Impact of the ECB's Targeted Long-Term Refinancing Operations on Banks’ Lending Policies : The Role of Competition

Andreeva, Desislava Č. - 2020

We assess the impact of the Eurosystem's Targeted Long-Term Refinancing Operations (TLTROs) on the lending policies of euro area banks. We first build a theoretical model in which banks compete in the credit and deposit markets. We distinguish between direct and indirect effects. Direct effects...

Persistent link: https://www.econbiz.de/10012844182