The DOI matches its Crossref record; 38 of the 38 references it cites were found in a registry or an index.
Are Competitive Banking Systems More Stable?
Abstract
Using the Panzar and Rosse H‐statistic as a measure of competition in 45 countries, we find that more competitive banking systems are less prone to experience a systemic crisis and exhibit increased time to crisis. This result holds even when we control for banking system concentration, which is associated with higher probability of a crisis and shorter time to crisis. Our results indicate that competition and concentration capture different characteristics of banking systems, meaning that concentration is an inappropriate proxy for competition. The findings suggest that policies promoting competition among banks, if well executed, have the potential to improve systemic stability.
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Cites
La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. W. (1998) · Journal of Political Economy · doi:10.1086/250042 · Cited by 18,025
Econometric policy evaluation: A critique
Lucas, R. E. (1976) · Carnegie-Rochester Conference Series on Public Policy · doi:10.1016/s0167-2231(76)80003-6 · Cited by 6,110
Bank regulation and supervision: what works best?
Barth, J. R., Caprio, G., & Levine, R. (2004) · Journal of Financial Intermediation · doi:10.1016/j.jfi.2003.06.002 · Cited by 2,296
Liberalization, Moral Hazard in Banking, and Prudential Regulation: Are Capital Requirements Enough?
Hellmann, T. F., Murdock, K. C., & Stiglitz, J. E. (2000) · American Economic Review · doi:10.1257/aer.90.1.147 · Cited by 2,088
The Theory of Bank Risk Taking and Competition Revisited
BOYD, J. H., & DE NICOLÓ, G. (2005) · The Journal of Finance · doi:10.1111/j.1540-6261.2005.00763.x · Cited by 2,084
(2003) · RePEc: Research Papers in Economics · Cited by 1,844
The Determinants of Banking Crises in Developing and Developed Countries
Demirguc-Kunt, A., & Detragiache, E. (1998) · Staff Papers - International Monetary Fund · doi:10.2307/3867330 · Cited by 1,793
A New Database on the Structure and Development of the Financial Sector
Beck, T., Demirguc-Kunt, A., & Levine, R. (2000) · The World Bank Economic Review · doi:10.1093/wber/14.3.597 · Cited by 1,711
Bank concentration, competition, and crises: First results
Beck, T., Demirgüç-Kunt, A., & Levine, R. (2006) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2005.05.010 · Cited by 1,411
Does deposit insurance increase banking system stability? An empirical investigation
Demirgüç-Kunt, A., & Detragiache, E. (2002) · Journal of Monetary Economics · doi:10.1016/s0304-3932(02)00171-x · Cited by 1,371
Cited by
Bank Competition and Financial Stability
Berger, A. N., Klapper, L. F., & Turk-Ariss, R. (2009) · Journal of Financial Services Research · doi:10.1007/s10693-008-0050-7 · Cited by 1,221
Bank competition and stability: Cross-country heterogeneity
Beck, T., De Jonghe, O., & Schepens, G. (2013) · Journal of Financial Intermediation · doi:10.1016/j.jfi.2012.07.001 · Cited by 1,021
Bank competition and financial stability in Asia Pacific
Fu, X. (., Lin, Y. (., & Molyneux, P. (2014) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2013.09.012 · Cited by 608
How does competition affect bank systemic risk?
Anginer, D., Demirguc-Kunt, A., & Zhu, M. (2014) · Journal of Financial Intermediation · doi:10.1016/j.jfi.2013.11.001 · Cited by 527
Competition and financial stability in European cooperative banks
Fiordelisi, F., & Mare, D. S. (2014) · Journal of International Money and Finance · doi:10.1016/j.jimonfin.2014.02.008 · Cited by 332
Metadata
- Authors
- SCHAECK, K., CIHAK, M., & WOLFE, S.
- Venue
- Journal of Money, Credit and Banking
- Publisher
- Wiley
- Published
- 2009-05-13
- Volume
- 41
- Issue
- 4
- Pages
- 711-734
- ISSN
- 0022-2879 (ISSN-L)
- 1538-4616
- OpenAlex
- W2165575602
- Cited by
- 549
- References
- 38
- FWCI
- 41.46
- Type
- journal article
- Language
- en
- Open access
- closed
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- SCHAECK, K., CIHAK, M., & WOLFE, S. (2009). Are Competitive Banking Systems More Stable? Journal of Money, Credit and Banking. https://doi.org/10.1111/j.1538-4616.2009.00228.x
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
