risk-averse depositors. A "banking crisis" is defined as a case in which banks exhaust their reserve assets. Under … different model specifications, the banking industry is either a monopoly bank or a competitive banking industry. If the nominal … rate of interest (rate of inflation) is below (above) some threshold, a monopolistic banking system will always result in a …

This study reinvestigates the theoretical relationship between competition in banking and banks' exposure to risk of …-competitive consolidation as a response to banking instability. We then show that existing theoretical analyses of this topic are fragile, since …

We study a banking model in which banks invest in a riskless asset and compete in both deposit and risky loan markets …

Many empirical studies of banking crises have employed "banking crisis" (BC) indicators constructedusing primarily … information on government actions undertaken in response to bank distress. Weformulate a simple theoretical model of a banking …