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-out guarantee. The reason is that the prospect of a bail-out induces the rotected bank to expand, thereby intensifying competition …
Persistent link: https://www.econbiz.de/10010361991
removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … stability in this period, we are able to isolate the effects of bank competition from those of state implicit guarantees. We … states that retained state bank chartering policies. We argue that the fiercer bank competition following the introduction of …
Persistent link: https://www.econbiz.de/10010227307
In a theoretical model of the Diamond-Dybvig style, in which deposit-taking banks and financial markets coexist, bank behavior is analyzed taking into account a positive ex-ante probability of a future financial crisis. We focus on the role of the interaction of market liquidity and banks'...
Persistent link: https://www.econbiz.de/10010344668
banking industry, an indicator on the degree of competition, influences the number of industries exported. In order to … consider the impact of competition in the banking industry on export diversification at different levels of financial … first paper to study the influence of competition within the banking industry on export diversification at the industry-level. …
Persistent link: https://www.econbiz.de/10011527140
By eliminating the influence of statistical noise, stochastic frontier techniques permit the estimation of the best-practice value of a firmś investment opportunities and the magnitude of a firmś systematic failure to achieve its best-practice market value - a gauge of the magnitude of agency...
Persistent link: https://www.econbiz.de/10011490908
Does an increase in competition increase or decrease bank stability? I exploit how the state-specific process of … interstate banking deregulation lowered barriers to entry into urban banking markets and find that greater competition …, such as merger and acquisitions or diversification. Moreover, I find that greater competition reduces banks' nonperforming …
Persistent link: https://www.econbiz.de/10011559788
Competition is claimed to be beneficial in development projects promoting micro and small enterprise finance although …
Persistent link: https://www.econbiz.de/10010260842
politicians. Two political frictions (ideological adherence and a super- majority requirement) impair political competition and …
Persistent link: https://www.econbiz.de/10010343867
We assess the effects on the welfare of corporate borrowers of the recent wave of bank consolidations in the United States that has produced a small number of very large banks. Our evidence from a sample of more than 3,000 commercial borrowers from banks involved in large mergers indicates that...
Persistent link: https://www.econbiz.de/10013132854
A model of loan rate competition with liquidity provision by banks is used to study bank mergers. Both loan rate … competition and liquidity needs are seen to be "localised" phenomena. This allows for tracing down the effects of particular types …
Persistent link: https://www.econbiz.de/10013137064