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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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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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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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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