competition will likely have on this market. Our general conclusion is that survival will probably constitute a real challenge for …

We analyze the competition between two developed stock exchanges. Their development rests mainly on their capacity to …

take excessive risks: As competition intensifies and margins decline, banks face more-binding threats of failure, to which …, destabilizing effect of lower margins outweighs the disciplining effect of competition; moreover, a substantial rise in competition … reduces banks’ incentive to build precautionary capital buffers. A key implication is that the effects of competition on risk …

Greater competition in banking is traditionally believed to aggravate banks' incentive to take excessive risks. This … paper presents a model in which, contrary to the traditional view, an increase in competition can cause banks to behave more … prudently: As competition intensifies and margins decline, banks face more-binding threats of failure, to which they may respond …

Less-intense competition for deposits, by mitigating banks' incentive to take excessive risks, is traditionally … uncompetitive loan markets, less-fierce competition for deposits (i.e., lower deposit rates) leads to lower loan rates and, thus … less eager to risk-shift; this softens competition for risky loans, leading to higher loan rates and, ultimately, riskier …

of market structure, competition and regulations for SMEs and their access to finance over the business cycle and during …