This paper documents large cross-country variation in the relationship between bank competition and bank stability and … explores market, regulatory and institutional features that can explain this variation. We show that an increase in competition …

This paper documents large cross-country variation in the relationship between bank competition and bank stability and … explores market, regulatory and institutional features that can explain this variation. We show that an increase in competition …

-out guarantee. The reason is that the prospect of a bail-out induces the rotected bank to expand, thereby intensifying competition … in the deposit market and depressing other banks' margins. In contrast, the effects on the protected bank's risk taking …

recent financial crisis. The crisis sparked a growing interest in understanding how and why we have created a world of large …

recent financial crisis. The crisis sparked a growing interest in understanding how and why we have created a world of large …

linear causal relationships. Finally, the comments point out that bank resolution of systemically important institutions is … resolution (in the EI), for lack of fiscal backstops (in the EU), and for lack of political acceptance of bank resolution with …

for competition in the consolidated banking sector. The financial crisis of 2008 brought with it the need to proceed with … the sub-region, whereas bank exposures may be affecting bank profits. …