Hidden Bibliographic Details
| Other authors / contributors: | Čihák, Martin, author.
Wolfe, Simon, author.
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| ISBN: | 9781452701509
1452701504
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| Digital file characteristics: | data file
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| Notes: | Includes bibliographical references.
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper provides the first empirical analysis of the cross-country relationship between a direct measure of competitive conduct of financial institutions and banking system fragility. Using the Panzar and Rosse H-Statistic as a measure for competition in 38 countries during 1980-2003, we present evidence that more competitive banking systems are less prone to systemic crises and that time to crisis is longer in a competitive environment. Our results hold when concentration and the regulatory environment are controlled for and are robust to different methodologies, different sampling periods, and alternative samples.
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| Other form: | Print version: Schaeck, Klaus. Are more competitive banking systems more stable?. Washington, D.C. : International Monetary Fund, Monetary and Financial Systems Dept., ©2006
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