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The Valuation Effects of Geographic Diversification; Evidence From U.S. Banks
Laeven, Luc; Goetz, Martin R.; Levine, Ross - International Monetary Fund (IMF) - 2012
This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank deregulation, we find that exogenous increases in...
Persistent link: https://www.econbiz.de/10009654142
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Are More Competitive Banking Systems More Stable?
Cihák, Martin; Wolfe, Simon; Schaeck, Klaus - International Monetary Fund (IMF) - 2006
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 …
Persistent link: https://www.econbiz.de/10005825680
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How Well Do Aggregate Bank Ratios Identify Banking Problems?
Cihák, Martin; Schaeck, Klaus - International Monetary Fund (IMF) - 2007
The paper provides an empirical analysis of aggregate banking system ratios during systemic banking crises. Drawing … discriminate between sound and unsound banking systems. We also estimate a duration model to investigate whether the ratios help … determine the timing of a banking crisis. Despite some weaknesses in the available data, our findings offer initial evidence …
Persistent link: https://www.econbiz.de/10005768721
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Who Disciplines Bank Managers?
Maechler, Andrea M.; Schaeck, Klaus; Cihák, Martin; … - International Monetary Fund (IMF) - 2009
We bring to bear a hand-collected dataset of executive turnovers in U.S. banks to test the efficacy of market discipline in a 'laboratory setting' by analyzing banks that are less likely to be subject to government support. Specifically, we focus on a new face of market discipline: stakeholders'...
Persistent link: https://www.econbiz.de/10008497599
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Banking Competition and Capital Ratios
Cihák, Martin; Schaeck, Klaus - International Monetary Fund (IMF) - 2007
when controlling for the degree of concentration in banking systems, inter-industry competition, characteristics of the …
Persistent link: https://www.econbiz.de/10005605326