regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …

supporting the idea that the reform had a positive average effect and increased banks competition intensity during a few years …. However, we also document heterogeneity as some large banks benefited from an increase in their market power. We perform …

the effect of entry threat on incumbent banks' loan loss provisions. Incumbents exposed to entry threat have offsetting …