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Book Cover
Author Cihk, Martin, author

Title Are More Competitive Banking Systems More Stable?
Published Washington : International Monetary Fund, June 2006
Online access available from:
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Description 1 online resource (65 pages)
Summary Annotation 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
Subject Bank management.
Banks and banking.
Form Electronic book
Author Schaeck, Klaus, author
Wolfe, Simon, author
ISBN 1452701504 (E-Book)