This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … competition can consider the entire banking market only. A caveat of the Boone-indicator may be that it assumes that banks …

A growing body of literature indicates that competition increases bank soundness. Applying an industrial organization … role in the transmission from competition to soundness. We use a twopronged approach. First, we employ Granger causality … tests to establish the link between competition and measures of profit efficiency in banking, and find that competition …

monetary policy was up (down). Overall, we find that competition among banks and competition from financial markets result in a …

intensity of competition in firms' product markets, on the importance of collective wage bargaining and on other structural and …

; selection ; loan rates ; bank competition ; firm leverage …