of domestic markets as a precondition. This paper offers an alternative view. Lack of competition in domestic financial …

Does the mere presence of big banks affect macroeconomic outcomes? In this paper, we develop a theory of granularity … (Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups …. Using this framework, we show conditions under which idiosyncratic shocks to bank lending can generate aggregate …

contribution is two-fold. First, we expand the theory of granularity to encompass the Bertrand competition frequently used in … right tail of the bank size distribution follows a power law. Also, the presence of big banks as measured by high market …

This paper documents large cross-country variation in the relationship between bank competition and bank stability and … explores market, regulatory and institutional features that can explain this variation. We show that an increase in competition …

This paper documents large cross-country variation in the relationship between bank competition and bank stability and … explores market, regulatory and institutional features that can explain this variation. We show that an increase in competition …

system and to stimulate bank competition, it is necessary to raise the level of bank information transparency. However … competition. The aim of this paper is to fill this gap in the literature. To test the hypothesis that greater bank information …, empirical studies which examine the determinants of competition in the financial sector, the effect of competition on financial …

find that an increase in the efficiency of banks driven by fiercer competition is robustly associated with higher real …

issues. Our findings indicate that MENA banks are still operating under monopolistic competition conditions. With regards to … political instability, bank revenues is negatively affected by such matter and policies that favour deregulation and a more …