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Author: Yoshiaki Ogura
Publisher:
ISBN:
Category :
Languages : en
Pages : 320
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Author: Yoshiaki Ogura
Publisher:
ISBN:
Category :
Languages : en
Pages : 320
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Author: Ayako Yasuda
Publisher:
ISBN:
Category :
Languages : en
Pages : 278
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Author: Ozgur Emre Ergungor
Publisher:
ISBN:
Category : Bank loans
Languages : en
Pages : 236
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Author: CLaire Margaret Rosenfeld Cici
Publisher:
ISBN:
Category :
Languages : en
Pages : 360
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Author: Citra Amanda
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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This thesis empirically examines bank spatial competition, stability, and resolution. It is comprised of three empirical studies that investigate risk-return dynamics from three different aspects within the rural banking setting of Indonesia from 2014 to 2018. The specific focus is on bank performance, regional finance, shadow prices of equity capital, and cost efficiency. The first chapter presents a new competition measure based on two spatial variables: physical distances and Thiessen polygon market boundaries. The results show that spatial competition significantly affects profitability. I also find bank efficiency is higher for shorter distances between banks and larger boundaries. Further evidence using the Lerner index suggests that banks exert some pricing power, which is consistent with the monopolistically competitive structure of the industry. The second chapter investigates spatial competition and bank stability, using a spatial autoregressive model (SAR) with spatial spillover (contagion) constructed by weight matrices based on the inverse distance between a bank and its neighbouring banks. The results show a positive relationship between bank stability and market power, which supports the competition-fragility hypothesis. These results are robust following the use of GMM and 2SLS estimation of the SAR model to overcome endogeneity issues. In conclusion, the evidence supports the hypothesis that rural bank stability depends on the level of the spatial lag and competition from neighbouring banks. The final essay explores bank resolution and the shadow price of bank equity capital. The novel result of the study is that the shadow cost of capital serves as an indicator of the recovery rate. This is based on the presumption that deterioration of the quality of the bank's assets portfolio will raise the cost of capital, effectively raising its shadow price. I also find that more efficient banks are associated with higher recovery rates, and that higher capital adequacy ratios are associated with less risk-taking. Furthermore, I examine the role of the shadow price of deposits and bank efficiency on deposit insurance. I conduct principal components analysis (PCA) to combine four types of risks to calculate the risk-based deposit premium. The rate varies from 0.146 percent to 0.423 percent. Thus, the results suggest that the deposit premium charged by the Indonesia Deposit Insurance Corporation (IDIC) does not reflect the cost to the IDIC. I also find that banks exploit an implicit deposit insurance subsidy.
Author: Mónica López-Puertas Lamy
Publisher: Ed. Universidad de Cantabria
ISBN: 8486116813
Category :
Languages : en
Pages : 32
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El principal objetivo de este trabajo consiste en analizar los efectos que la estructura de propiedad bancaria tiene sobre la toma de riesgos, a nivel microeconómico y sobre el riesgo sistémico, a nivel macroeconómico. Para ello se desarrolla un modelo de competencia oligopolística y se analizan las propiedades del equilibrio de mercado en términos de beneficios, cuota de mercado y micro y macro estabilidad financiera cuando un banco comercial, maximizador de beneficios, compite contra un banco no orientado hacia los beneficios (stakeholder bank). Los resultados teóricos son validados empíricamente usando datos bancarios de 72 países durante el periodo 1997-2007. Concretamente se muestra que a) los stakeholder banks son menos arriesgados que los bancos comerciales, b) cualquier banco es más arriesgado cuando compite contra un stakeholder bank en lugar de contra un banco comercial, c) a nivel sistémico la presencia de stakeholder banks aumenta la estabilidad financiera, d) el efecto de la regulación bancaria y de la competencia en la toma de riesgos depende de la estructura de propiedad del banco, e) la concentración accionarial incrementa el riesgo bancario, f) el diseño de los incentivos gerenciales tiene un efecto muy significativo sobre la toma de riesgos bancarios.
Author: Hans Degryse
Publisher: Oxford University Press, USA
ISBN: 0195340477
Category : Business & Economics
Languages : en
Pages : 249
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Book Description
This title provides a compendium to recent work in empirical banking. It follows the structure in 'The Microeconomics of Banking' by Xavier Freixas and Jean Charles Rochet in arranging the relevant methodologies, applications and results to achieve a coherent synthesis between available theory and supporting empirics.
Author: Mr.Gianni De Nicolo
Publisher: International Monetary Fund
ISBN: 1451865570
Category : Business & Economics
Languages : en
Pages : 51
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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. Both models can predict a negative relationship between concentration and bank loan-to-asset ratios, and a nonmonotonic relationship between bank concentration and profitability. We explore these predictions empirically using a cross-sectional sample of about 2,500 U.S. banks in 2003 and a panel data set of about 2,600 banks in 134 nonindustrialized countries for 1993-2004. In both these samples, we find that banks' probability of failure is positively and significantly related to concentration, loan-to-asset ratios are negatively and significantly related to concentration, and bank profits are positively and significantly related to concentration. Thus, the risk predictions of the CVH model are rejected, those of the BDN model are not, there is no trade-off between bank competition and stability, and bank competition fosters the willingness of banks to lend.
Author: Florian Leon
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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This thesis is concerned with the role of interbank competition in Africa. During the past decade, African banking systems have witnessed profound changes in their structure with some implications on the level of competition. Although the traditional view argues that intensified competition encourages banks to increase the supply of funds and improves banks management, a more pessimistic view sustains that competition can be detrimental for efficiency, inclusion and stability of banking sectors, especially in opaque markets. The aim of this dissertation is therefore to shed a new light on this debate in the context of Africa by offering three empirical contributions. The first part of this thesis provides an overview of financial systems in sub-Saharan Africa and motivates the purpose of this dissertation. A review of the literature on the consequences of competition in banking is presented in Chapter 3. The different measures of competition in banking are discussed in Chapter 4. The three following chapters focus on the original contributions of this dissertation. Chapter 5 evaluates the evolution of bank competition over the last decade in African countries using a sample of West African banks. The findings, based on different measures of competition, show an increase of competition over the past decade. Chapter 6 investigates the relationship between market power and efficiency. Empirical results document that banks with more market power are able to reduce costs but do no better at maximizing profits than banks with less market power. In Chapter 7, the complex relation ship between credit availability and competition is analyzed using a large sample of 70 developing countries. Findings show that firms located in countries with competitive banking markets have a significantly lower probability to be credit constrained. Results show that competition not only leads to less severe loan approval decisions but also reduces borrowers' discouragement. The general conclusion of this thesis underlines the beneficial consequences of competition even in on-mature banking systems and discusses several measures to enhance competition in these markets.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451974205
Category : Business & Economics
Languages : en
Pages : 148
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This paper analyzes the predictability of currency crises. The paper evaluates three models for predicting currency crises that were proposed before 1997. Two of the models failed to provide useful forecasts. One model provides forecasts that are somewhat informative though still not reliable. Plausible modifications to this model improve its performance, providing some hope that future models may do better. The study suggests, though, that although forecasting models may help indicate vulnerability to crises, the predictive power of even the best of them may be limited.
