Financial dependence, banking sector competition, and economic growth

Journal of the European Economic Association

Volumn 3, Issue 1, 2005, Pages 179-207

  Claessens, Stijn ^a   Laeven, Luc ^a  

^a WORLD BANK   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 34047199848     PISSN: 15424766     EISSN: 15424774     Source Type: Journal    
DOI: 10.1162/1542476053295322     Document Type: Article

References (42)

1. Allen, Franklin and Douglas Gale (2004). Competition and Financial Stability. Journal of Money, Credit and Banking, 36, 453-481.
2. Barth, James R., Gerard Caprio, Jr., and Ross Levine (2001). The Regulation and Supervision of Banks Around the World: A New Database. In Integrating Emerging Market Countries into the Global Financial System, edited by Robert E. Litan and Richard Herring. Brookings Institution Press.
3. Barth, James R., Gerard Caprio, Jr., and Ross Levine (2003). Bank Regulation and Supervision: What Works Best? Journal of Financial Intermediation, 13(2), 205-248.
4. Baumol, William J., John C. Panzar, and Robert D. Willig (1982). Contestable Markets and the Theory of Industry Structure. Harcourt Brace Jovanovich, San Diego.
5. Beck, Thorsten, Asli Demirguc-Kunt, and Ross Levine (2003). Law, Endowments, and Finance. Journal of Financial Economics, 70, 137-181.
6. Beck, Thorsten, Ross Levine, and Norman Loayza (2000). Finance and the Sources of Growth. Journal of Financial Economics, 58, 261-300.
7. Belaisch, Agnes (2003). Do Brazilian Banks Compete? IMF Working Paper No. 03/13, Washington, DC.
8. Berger, Allen N., Asli Demirguc-Kunt, Ross Levine, and Joseph G. Haubrich (2004). Bank Concentration and Competition: An Evolution in the Making. Journal of Money Credit and Banking, 36, 433-453.
9. Bikker, Jacob A., and Johannes M. Groeneveld (2000). Competition and Concentration in the EU Banking Industry. Kredit und Kapital, 33, 62-98.
10. Bikker, Jacob A., and Katharina Haaf (2001). Competition, Concentration and Their Relationship: An Empirical Analysis of the Banking Industry. DNB Staff Report No. 68, De Nederlandsche Bank.
11. Boot, Arnoud, and Anjan V. Thakor (2000). Can Relationship Banking Survive Competition? Journal of Finance, 55, 679-713.
12. Cetorelli, Nicola (1999). Competitive Analysis in Banking: Appraisal of the Methodologies. Economic Perspectives, Federal Reserve Bank of Chicago, First Quarter, 2-15.
13. Cetorelli, Nicola (2001). Does Bank Concentration Lead to Concentration in Industrial Sectors? Federal Reserve Bank of Chicago Working Paper No. 2001-01.
14. Cetorelli, Nicola and Michele Gambera (2001). Banking Market Structure, Financial Dependence and Growth: International Evidence from Industry Data. Journal of Finance, 56, 617-648.
15. Claessens, Stijn and Luc Laeven (2003). Financial Development, Property Rights and Growth. Journal of Finance, 58, 24-36.
16. Claessens, Stijn and Luc Laeven (2004). What Drives Bank Competition? Some International Evidence. Journal of Money, Credit and Banking, 36, 563-584.
17. Coccorese, Paolo (1998). Assessing the Competitive Conditions in the Italian Banking System: Some Empirical Evidence. BNL Quarterly Review, 205, 171-191.
18. De Bandt, Olivier, and E. Philip Davis (2000). Competition, Contestability and Market Structure in European Banking Sectors on the Eve of EMU. Journal of Banking and Finance, 24, 1045-1066.
19. Deidda, Luca and Bassam Fattouh (2002). Concentration in Banking Industry and Economic Growth. Working paper, University of London.
20. Dell'Ariccia, Giovanni and Emilia Bonaccorsi di Patti (2004). Bank Competition and Firm Creation. Journal of Money, Credit and Banking, 36, 225-252.
21. Demirguc-Kunt, Asli, Luc Laeven, and Ross Levine (2004). Regulations, Market Structure, Institutions, and the Cost of Financial Intermediation. Journal of Money, Credit and Banking, 36, 593-622.
22. Fisman, Raymond and Inessa Love (2003). Trade Credit, Financial Intermediary Development, and Industry Growth. Journal of Finance, 58, 353-374.
23. Fisman, Raymond and Inessa Love (2004). Financial Development and Intersectoral Allocation: A New Approach. Journal of Finance, 59, 3785-3807.
24. Gelos, R. Gaston and Jorge Roldos (2002). Consolidation and Market Structure in Emerging Market Banking Systems. International Monetary Fund Working Paper No. 02/186.
25. Hempel, S. Hannah (2002). Testing for Competition Among German Banks, Discussion Paper No. 04/02, Economic Research Centre of the Deutsche Bundesbank.
26. King, Robert G. and Ross Levine (1993). Finance and Growth: Schumpeter Might Be Right Quarterly Journal of Economics, 108, 717-737.
27. La Porta, Rafael, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert W. Vishny (1998). Law and Finance. Journal of Political Economy, 106, 1113-1155.
28. Levine, Ross (2004). Finance and Growth: Theory, Evidence, and Mechanisms. In Phillipe Aghion and Steven Durlauf, eds., Handbook of Economic Growth. Holland Elsevier Publishers, Amsterdam.
29. Levy Yeyati, Eduardo and Alejandro Micco (2003). Banking Competition in Latin America. Working paper, Inter-American Development Bank, Washington, DC.
30. Molyneux, Philip, D. Michael Lloyd-Williams, and John Thornton (1994). Competitive Conditions in European Banking. Journal of Banking and Finance, 18, 445-459.
31. Molyneux, Philip, John Thornton, and D. Michael Lloyd-Williams (1996). Competition and Market Contestability in Japanese Commercial Banking. Journal of Economics and Business, 48, 33-45.
32. Nathan, Alli and Edwin H. Neave (1989). Competition and Contestability in Canada's Financial System: Empirical Results. Canadian Journal of Economics, 22, 576-594.
33. Panzar, John C. and James N. Rosse (1982). Structure, Conduct and Comparative Statistics. Bell Laboratories Economics Discussion Paper.
34. Panzar, John C. and James N. Rosse (1987). Testing for 'Monopoly' Equilibrium. Journal of Industrial Economics, 35, 443-456.
35. Petersen, Mitchell A. and Raghuram G. Rajan (1995). The Effect of Credit Market Competition on Lending Relationships. Quarterly Journal of Economics, 110, 407-443.
36. Philippatos, George C. and H. Semith Yildirim (2002). Competition and Contestability in Central and Eastern European Banking Markets. Working paper, University of Tennessee.
37. Rajan, Raghuram G. (1992). Insider and Outsiders, the Choice between Informed and Arm's- Length Debt. Journal of Finance, 47, 1367-1400.
38. Rajan, Raghuram G. and Luigi Zingales (1998). Financial Dependence and Growth. American Economic Review, 88, 559-587.
39. Rosse, James N. and John C. Panzar (1977). Chamberlin vs. Robinson: An Empirical Test for Monopoly Rents. Bell Laboratories Economics Discussion Paper No. 90.
40. Shaffer, Sherrill (1982). A Non-Structural Test for Competition in Financial Markets. In Bank Structure and Competition, Conference Proceedings, Federal Reserve Bank of Chicago.
41. Vesala, Jukka (1995). Testing for Competition in Banking: Behavioral Evidence from Finland. Bank of Finland Studies, Working Paper No. E:1.
42. Vives, Xavier (2001). Competition in the Changing World of Banking. Oxford Review of Economic Policy, 17, 535-545.