Showing 1 - 10 of 1,482
for competition in 38 countries during 1980-2003, we present evidence that more competitive banking systems are less prone …
Persistent link: https://www.econbiz.de/10014402240
This paper develops a model where large financial intermediaries subject to systemic runs internalize the effect of their leverage on aggregate risk, returns and asset prices. Near the steady-state, they restrict leverage to avoid the risk of a run which gives rise to an accelerator effect. For...
Persistent link: https://www.econbiz.de/10012604798
We study the transmission of financial sector shocks across borders through international bank connections. For this … countries experiencing systemic banking crises on bank profitability and loan supply. We find that direct exposures to crisis …
Persistent link: https://www.econbiz.de/10011705705
A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional environment is strong. In particular, respect for the rule of law, a low level of corruption, and good contract enforcement are relevant...
Persistent link: https://www.econbiz.de/10014400719
approaches and prudential considerations in fostering financial innovation and banking sector competition …
Persistent link: https://www.econbiz.de/10012605062
The paper assesses the degree of banking competition and efficiency in Italy?over time as well as compared to that in … other countries, such as France, Germany, Spain, the United Kingdom, and the United States. The paper finds competition in …. The degree of competition falls within the range of estimates for a set of comparator countries. Greater contestability …
Persistent link: https://www.econbiz.de/10014400137
''Afrique Centrale (CEMAC) and the level of bank competition at the regional level. Using a mix of quantitative and qualitative … excess liquidity in the region. Other data also indicate that bank competition within the CEMAC as a region is limited …
Persistent link: https://www.econbiz.de/10014403007
Recoveries vary considerably across countries: our paper compares recoveries in bank-based and market-based economies … and finds that market-based economies experience significantly and durably stronger rebounds than the bank-based ones (in … particular the more bank-based economies of continental Europe). Further, stronger recoveries also tend to be associated with …
Persistent link: https://www.econbiz.de/10014398329
bond returns are high. At the bank level, bondholdings correlate negatively with subsequent lending during sovereign …
Persistent link: https://www.econbiz.de/10014411356
the probability of financial crisis. It finds that greater tax bias is associated with significantly higher aggregate bank …
Persistent link: https://www.econbiz.de/10014395378