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 study investigates the bank competition-stability nexus using a unique regulatory dataset provided by the Deutsche … competition, contestability and market power, each corresponding to a different contextual level of a bank s competitive … stability of individual banks. Instead, our results show that the degree of competition affects bank risk in different ways …

outside bank. In equilibrium, the borrower's ability to refinance depends both on the competitiveness of the local banking …, households are more likely to refinance externally if they already have a relation with more than one bank, but the effect is …