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Bank Risk Taking And Competition Revisited

Bank Risk Taking And Competition Revisited
Author: Mr.Gianni De Nicolo
Publisher: International Monetary Fund
ISBN: 1451853815
Size: 45.92 MB
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This study reinvestigates the theoretical relationship between competition in banking and banks' exposure to risk of failure. There is a large existing literature that concludes that when banks are confronted with increased competition, they rationally choose more risky portfolios. We briefly review this literature and argue that it has had a significant influence on regulators and central bankers, causing them to take a less favorable view of competition and encouraging anti-competitive consolidation as a response to banking instability. We then show that existing theoretical analyses of this topic are fragile, since they do not detect two fundamental risk-incentive mechanisms that operate in exactly the opposite direction, causing banks to aquire more risk per portfolios as their markets become more concentrated. We argue that these mechanisms should be essential ingredients of models of bank competition.
Bank Risk-Taking and Competition Revisited
Language: en
Pages: 24
Authors: Mr.Gianni De Nicolo, John H. Boyd
Categories: Business & Economics
Type: BOOK - Published: 2003-06-01 - Publisher: International Monetary Fund
This study reinvestigates the theoretical relationship between competition in banking and banks' exposure to risk of failure. There is a large existing literature that concludes that when banks are confronted with increased competition, they rationally choose more risky portfolios. We briefly review this literature and argue that it has had
Bank Risk-Taking and Competition Revisited
Language: en
Pages: 49
Authors: Mr.Gianni De Nicolo, John H. Boyd, Abu M. Jalal
Categories: Business & Economics
Type: BOOK - Published: 2006-12-01 - Publisher: International Monetary Fund
This paper studies two new models in which banks face a non-trivial asset allocation decision. The first model (CVH) predicts a negative relationship between banks' risk of failure and concentration, indicating a trade-off between competition and stability. The second model (BDN) predicts a positive relationship, suggesting no such trade-off exists.
Bank Risk-Taking and Competition Revisited
Language: en
Pages: 24
Authors: Mr. Gianni De Nicoló, John H. Boyd
Categories: Business & Economics
Type: BOOK - Published: 2003-06-01 - Publisher: International Monetary Fund
This study reinvestigates the theoretical relationship between competition in banking and banks'' exposure to risk of failure. There is a large existing literature that concludes that when banks are confronted with increased competition, they rationally choose more risky portfolios. We briefly review this literature and argue that it has had
Bank Risk-Taking and Competition Revisited
Language: en
Pages: 49
Authors: Mr. Gianni De Nicoló, Abu M. Jalal, John H. Boyd
Categories: Business & Economics
Type: BOOK - Published: 2006-12-01 - Publisher: International Monetary Fund
This paper studies two new models in which banks face a non-trivial asset allocation decision. The first model (CVH) predicts a negative relationship between banks'' risk of failure and concentration, indicating a trade-off between competition and stability. The second model (BDN) predicts a positive relationship, suggesting no such trade-off exists.
Risikoethik der Banken
Language: de
Pages: 418
Authors: Vandad Sohrabi
Categories: Philosophy
Type: BOOK - Published: 2020-11-23 - Publisher: Mohr Siebeck
Der Kollaps von Lehman Brothers hat 2008 eine globale Finanzkrise ausgelost, die Millionen von Menschen ihren Job, ihr Zuhause und in manchen Fallen auch ihr Leben gekostet hat. Systemische Banken- und Finanzmarktrisiken sind damit nicht nur eine okonomische, sondern auch eine ethische Herausforderung. Vandad Sohrabi untersucht das Problem des Too
Monetary Policy, Leverage, and Bank Risk Taking
Language: en
Pages: 36
Authors: Mr.Luc Laeven, Mr.Giovanni Dell'Ariccia, Mr.Robert Marquez
Categories: Business & Economics
Type: BOOK - Published: 2010-12-01 - Publisher: International Monetary Fund
We provide a theoretical foundation for the claim that prolonged periods of easy monetary conditions increase bank risk taking. The net effect of a monetary policy change on bank monitoring (an inverse measure of risk taking) depends on the balance of three forces: interest rate pass-through, risk shifting, and leverage.
Die ökonomische Bedeutung des Bankensektors unter Berücksichtigung der „Too-Big-to-Fail“-Doktrin
Language: de
Pages: 426
Authors: Jan Weitzel
Categories: Business & Economics
Type: BOOK - Published: 2014-09-04 - Publisher: Cuvillier Verlag
Spätestens seit der Pleite von Lehman Brothers im Jahre 2008 darf der Begriff „Too-Big-to-Fail“ in keiner Diskussion über den Finanzsektor und dessen Regulierung fehlen. Massive Verwerfungen an den Finanzmärkten führten in der Folge zu staatlichen Rettungsmaßnahmen für zahlreiche Finanzmarktakteure rund um den gesamten Globus. Die daraufhin initiierten regulatorischen Neuerungen verfolgen
Bank Competition, Risk Taking, and their Consequences: Evidence from the U.S. Mortgage and Labor Markets
Language: en
Pages: 46
Authors: Alan Xiaochen Feng
Categories: Business & Economics
Type: BOOK - Published: 2018-07-06 - Publisher: International Monetary Fund
Bank competition can induce excessive risk taking due to risk shifting. This paper tests this hypothesis using micro-level U.S. mortgage data by exploiting the exogenous variation in local house price volatility. The paper finds that, in response to high expected house price volatility, banks in U.S. counties with a competitive
Wettbewerb und Stabilität bei deutschen Regionalbanken
Language: de
Pages: 221
Authors: Stefan Klaßmüller
Categories: Business & Economics
Type: BOOK - Published: 2017-03-23 - Publisher: Springer-Verlag
Stefan Klaßmüller beschäftigt sich in diesem Buch mit der Wettbewerbsintensität im deutschen Bankensektor und dem Einfluss des Wettbewerbs auf die Bankenstabilität. Der Autor führt eine empirische Analyse durch, die bestätigt, dass starke regionale Unterschiede in der Wettbewerbsintensität im deutschen Bankensektor vorherrschen. Banken auf ländlich geprägten Märkten sind deutlich stärker vom
Competition and Cooperation in Economics and Business
Language: en
Pages: 504
Authors: Lindawati Gani, Beta Yulianita Gitaharie, Zaäfri Husodo, Ari Kuncoro
Categories: Social Science
Type: BOOK - Published: 2017-10-12 - Publisher: Routledge
Asia and the Pacific have become the growth engine of the world economy with the contribution of two-third of the global growth. The book discusses current issues in economics, business, and accounting in which economic agents, as individuals, entrepreneurs and professionals, as well as countries in the Asia and Pacific