Market structure and risk taking in the banking industry

Journal of Economics/ Zeitschrift fur Nationalokonomie

Volumn 82, Issue 3, 2004, Pages 249-280

  Shy, Oz ^a   Stenbacka, Rune ^b  

^a UNIVERSITY OF HAIFA   (Israel)

^b HANKEN SCHOOL OF ECONOMICS   (Finland)

Author keywords

Bank competition; Deposit insurance; Market structure; Risk taking in banking

Indexed keywords

EID: 4444371147     PISSN: 09318658     EISSN: None     Source Type: Journal    
DOI: 10.1007/s00712-003-0053-7     Document Type: Review

References (23)

1. Besanko, D., and Thakor, A. (1993): "Relationship Banking, Deposit Insurance and Bank Portfolio Choice. " In Capital Markets and Financial Intermediation, edited by C. Mayer and X. Vives. Cambridge: Cambridge University Press.
2. Broecker, T. (1990): "Credit-worthiness Tests and Interbank Competition." Econometrica 58: 429-452.
3. Caminal, R., and Matutes. C. (1997): "Can Competition in the Credit Market be Excessive?" Centre for Economic Policy Research, Discussion Paper No. 1725, October.
4. Cerasi, V., and Daltung. S. (1996): "The Optimal Size of a Bank: Costs and Benefits of Diversification." London School of Economics Financial Markets Group Discussion Paper No. 231.
5. Cordella, T., and Levy Yeyati. E. (1998): "Public Disclosure and Bank Failures." Centre for Economic Policy Research Discussion Paper No. 1886.
6. Dell'Ariccia, G., Friedman, E., and Marquez. R. (1999): "Adverse Selection as a Barrier to Entry in the Banking Industry." RAND Journal of Economics 30: 515-534.
7. Gehrig, T. (1999): "Screening, Cross-border Banking, and the Allocation of Risk." Research in Economics 52: 387-407.
8. Hellwig, M. (1998): "Allowing for Risk Choices in Diamond's 'Financial Intermediation as Delegated Monitoring'," mimeo, University of Mannheim.
9. Kanniainen, V., and Stenbacka. R. (1998): "Project Monitoring in Lending Markets with Adverse Selection," mimeo, Swedish School of Economics, Helsinki.
10. Keeley, M. (1990): "Deposit Insurance, Risk, and Market Power in Banking." American Economic Review 80: 1183-1200.
11. Koskela, E., and Stenbacka. R. (2000): "Is There a Tradeoff between Bank Competition and Financial Fragility?" Journal of Banking and Finance 24: 1853-1873.
12. Matutes, C., and Vives. X. (1996): "Competition for Deposits, Fragility, and Insurance." Journal of Financial Intermediation 5: 184-216.
13. Matutes, C., and Vives. X. (2000): "Imperfect Competition, Risk Taking, and Regulation in Banking." European Economic Review 44: 1-34.
14. Neven, D., and Röller. L.-H. (1999): "An Aggregate Structural Model of Competition in the European Banking Industry." International Journal of Industrial Organization 17: 1059-1074.
15. Riordan, M. (1993): "Competition and Bank Performance: A Theoretical Perspective." In Capital Markets and Financial Intermediation, edited by C. Meyer and X. Vives, pp. 328-343. Cambridge: Cambridge University Press.
16. Shaffer, S. (1998): "The Wirmer's Curse in Banking." Journal of Financial Intermediation 7: 359-392.
17. Shy, O., and Stenbacka. R. (2003): "Market Structure and Diversification of Mutual Funds." Journal of Financial Markets 6: 607-624.
18. Strahan, P. (1995): "Asset Returns and Economic Disasters: Evidence from S&L Crisis." Journal of Monetary Economics 36: 189-217.
19. Swan, P. (1970a): "Durability of Consumer Goods." American Economic Review 60: 884-894.
20. Swan, P. (1970b): "Market Structure and Technological Progress: The Influence of Monopoly on Product Innovation." Quarterly Journal of Economics 84: 627-638.
21. Villas-Boas, M., and Schmidt-Mohr. U. (1999): "Oligopoly with Asymmetric Information: Differentiation in Credit Markets." RAND Journal of Economics 30: 375-396.
22. Winton, A. (1997): "Competition among Financial Intermediaries when Diversification Matters." Journal of Financial Intermediation 6: 307-346.
23. Winton, A. (1999): "Don't Put All Your Eggs in One Basket? Diversification and Specialization in Lending." Institute for Financial Studies Working Paper 9903, Carlson School of Management, University of Minnesota.