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firms in the non-financial sector. It finds that bank competition has an overall positive effect on firm creation. However … firms, it also finds that asymmetric information limits the overall positive effect of bank competition on firm creation …. Indeed, bank competition is less favorable to the emergence of new firms in industrial sectors where informational …
Persistent link: https://www.econbiz.de/10014403643
This paper studies the impact of competition on the determination of interest rates and banks’ risk-taking behavior … entry costs foster competition in deposit rate sand reduce banks’ incentives to limit risk exposure. Although higher …
Persistent link: https://www.econbiz.de/10014400717
-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process …
Persistent link: https://www.econbiz.de/10014399942
We examine how bank competition in the run-up to the 2007-2009 crisis affects banks' systemic risk during the crisis …. We then investigate whether this effect is influenced by two key bank characteristics: securitization and bank capital …. Using a sample of the largest listed banks from 15 countries, we find that greater market power at the bank level and higher …
Persistent link: https://www.econbiz.de/10012102090
). We use detailed individual-level survey data, combined with key country-level indicators of bank competition and …, and bank loans). We find that more competition tends to increase the probability of access to these financial products. On …In this paper we study how competition and financial soundness affect financial inclusion in Sub-Saharan Africa (SSA …
Persistent link: https://www.econbiz.de/10011978430
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We examine trends in bank competition since the early 2000s. The Lerner index-arguably the most commonly used measure … frequently used indicators of banking sector competition seem much more muted. We show that the significant drop in policy rates …
Persistent link: https://www.econbiz.de/10012612344
This paper develops a model where large financial intermediaries subject to systemic runs internalize the effect of their leverage on aggregate risk, returns and asset prices. Near the steady-state, they restrict leverage to avoid the risk of a run which gives rise to an accelerator effect. For...
Persistent link: https://www.econbiz.de/10012604798