Skip to main content
Have a personal or library account? Click to login
Market power and stability of CEE banks Cover

Market power and stability of CEE banks

Business Systems Research Journal
Volume 6 (2015): Issue 2 (September 2015)
By:   
Open Access
|Oct 2015
References

References

  1. 1. Agoraki, M, Delis, M. and Pasiouras, F., (2011), “Regulations, competition and bank risk-taking in transition countries”, Journal of Financial Stability, Vol. 7, No. 1, pp 38-48
    Open DOISearch in Google Scholar
  2. 2. Ariss R. T. (2010), “On the implications of market power in banking: Evidence from developing countries”, Journal of banking & Finance, Vol. 34, No. 4, pp. 765-775
    Open DOISearch in Google Scholar
  3. 3. Allen, F., Gale, D. (2004), “Competition and financial stability”, Journal of Money, Credit, and banking, Vol. 36, No. 3, p.p. 433-480
    Search in Google Scholar
  4. 4. Beck, T. (2008), “Bank Competition and Financial Stability: Friends or Foes?”, World Bank Policy Research Working Paper, No. 4656.
    Search in Google Scholar
  5. 5. Beck T., De Jonghe, O. and Schepens, G. (2013), “Bank Competition and Stability: Cross-country Heterogeneity”, Journal of Financial Intermediation, Vol. 22, No. 2, pp. 218-244
    Open DOISearch in Google Scholar
  6. 6. Beck, T, Demirguc-Kunt, A. and Levine, R. (2006), “Bank concentration, competition, and crises: First results”, Journal of Banking & Finance, Vol. 30, No. 5, pp. 1581-1603
    Open DOISearch in Google Scholar
  7. 7. Berger, A.N. (1993), “Distribution-free estimates of banking efficiency in the US Banking Industry and Tests of the Statistical Distribution Assumptions”, Journal of Productivity Analysis, Vol. 4, pp. 261-292.
    Open DOISearch in Google Scholar
  8. 8. Berger, A.N. and Hannan T.H. (1998), “The efficiency cost of market power in the banking industry: a test of the „quiet life“ and related hypotheses”, Review of Economics and Statistics Vol. 8, No. 3, pp. 454-465.
    Open DOISearch in Google Scholar
  9. 9. Berger A.N., Klapper L.F. and Ariss R.T. (2008), “Bank Competition and financial stability”, The World Bank Policy Research Working Paper No. 4696.
    Search in Google Scholar
  10. 10. Besanko, D. and Thakor, A.V. (1993), “Relationship banking, deposit insurance and bank portfolio”, In: Mayer, C. and Vives, X. (eds), Capital markets and Financial intermediation, Cambridge University Press, pp. 292-319
    Open DOISearch in Google Scholar
  11. 11. Bolt, W. and Humphrey, D. (2010), “Bank competition efficiency in Europe: A frontier approach”, Journal of Banking & Finance, Vol. 34, No. 8, pp. 1808–1817
    Open DOISearch in Google Scholar
  12. 12. Boyd, J. H. and De Nicolo G., (2005), “The Theory of Bank Risk Taking and Competition Revisited”, Journal of Finance, Vol. 60, No. 3, pp. 1329-1343
    Open DOISearch in Google Scholar
  13. 13. Caminal, R. and Matutes, C., (2002.), “Market power and banking failures”, International Journal of Industrial Organization, Vol. 20, No. 9, pp. 1341-1361
    Open DOISearch in Google Scholar
  14. 14. Carletti, E. and Hartman, P. (2003), “Competition and stability: What`s special about banking?” In: Mizen, P. (ed), “Monetary history, exchange rates and financial markets: Essays in honour of Charles Goodhart”, Cheltenham: Edward Elgar, Vol.2, pp.160-173.
    Search in Google Scholar
  15. 15. Demsetz R., Saidenberg, M. and Strahan, P (1996), “Banks with Something to Lose: The Disciplinary Role of Franchise Value”, Economic Policy Review, Vol. 2, No. 2, 2-34.
    Open DOISearch in Google Scholar
  16. 16. Dermine, J. (1986), “Deposit rates, credit rates and bank capital : The Klein-Monti Model Revisited”, Journal of Banking & Finance, Vol. 10, No. 1, pp. 99-114
    Open DOISearch in Google Scholar
  17. 17. De Jonghe, O. and Vennet, R. V. (2008), “Competition versus efficiency: What drives franchise values in European banking?”, Journal of Banking & Finance, Vol. 32, No. 9, pp. 1820-1835
    Open DOISearch in Google Scholar
  18. 18. Edwards, F.R. and Mishkin, F.S. (1995), “The decline of traditional banking: implications for financial stability and regulatory policy”, Economic Policy Review, Federal Reserve Bank of New York, July, pp. 27-47.
    Open DOISearch in Google Scholar
  19. 19. Furlong, F. and Kwan S., (2006), “Sources of Bank Charter Value”, Federal Reserve Bank of San Francisco, working paper, San Francisco, September
    Search in Google Scholar
  20. 20. Hellman, T., Murdock, K. and Stiglitz, J. (2000), “Liberalization, moral hazard in banking and prudential regulation: Are capital controls enough?”, American Economic Review, Vol. 90, No. 1, pp. 147-165
    Open DOISearch in Google Scholar
  21. 21. Honohan S., Klingebiel D.,(2000), “Controlling Fiscal Costs of Banking Crises”, World Bank working paper, May.
    Open DOISearch in Google Scholar
  22. 22. Jahn, N. and Kick, T. (2012), “Determinants of Banking System Stability: A Macro-Prudential Analysis”, BIS working paper.
    Search in Google Scholar
  23. 23. Jimenez, G., J. A. Lopez and J. Saurina Sala (2013), “How does competition impact bank risk-taking?”, Journal of Financial Stability, Vol. 9, No. 2, pp. 185-195
    Open DOISearch in Google Scholar
  24. 24. Kasman, A. Tunc, G., Vardar, G., Okan, B. (2010), “Consolidation and commercial bank net interest margins: Evidence from the old European Union members and candidate countries”, Economic Modelling Vol. 27, No. 3, pp. 648-655
    Open DOISearch in Google Scholar
  25. 25. Keeley, M.C., (1990), “Deposit insurance, risk and market power in banking”, American Economic Review, Vol. 80, No. 5, pp. 1183-1200.
    Search in Google Scholar
  26. 26. Kohler, M. (2012.), “Which banks are more risky? The impact of loan growth and business model on bank risk-taking”, Deutsche Bundesbank Discussion Paper, 33/2012.
    Open DOISearch in Google Scholar
  27. 27. Koskela, E. and Stenbacka, R. (2000), “Agency Cost of Debt and Lending Market Competition: A Re-Examination”, Bank of Finland Discussion Papers, 12/2000.
    Open DOISearch in Google Scholar
  28. 28. Kraft, E. and Huljak, I. (2011), “A frontier approach for measuring bank competition efficiency in Croatia”, Conference preceding “Challenges of Europe: growth and competitiveness – reversing the trends“, Faculty of economics, Split, Bol 2011.
    Search in Google Scholar
  29. 29. Leaven, L. and Valencia, F., (2012), “Systemic Banking Crisis database: An Update”, IMF working paper, WP/12/163.
    Open DOISearch in Google Scholar
  30. 30. Martinez-Miera, D. And Repullo, R. (2010), “Does competition reduce the risk of bank failure?”, Review of Financial Studioes, Vol. 23, No. 10, pp. 3638-3664
    Open DOISearch in Google Scholar
  31. 31. Marcus, A.J. (1984), “Deregulation and bank financial policy”, Journal of Banking and Finance, Vol. 8, No. 4, pp. 557-565.
    Open DOISearch in Google Scholar
  32. 32. Mishkin, F. (1999), “International experiences with different monetary policy regimes”, Journal of Monetary Economics, Vol. 43, No. 3, pp. 579-605.
    Open DOISearch in Google Scholar
  33. 33. Saez, L. and Shi, X., (2004), “Liquidity pools, risk sharing and financial contagion”, Journal of Financial Services research, Vol. 25, No. 1, pp. 5-23
    Open DOISearch in Google Scholar
  34. 34. Schaeck K., Cihak, M. and Wolfe, S., (2009), “Are Competitive Banking Systems More Stable?”, Journal of Money, Credit and banking, Vol. 41, No. 4, pp. 711-734.
    Open DOISearch in Google Scholar
  35. 35. Stiglitz, J. and Weiss, A. (1981), “Credit Rationing in Markets with Imperfect Information”, The American Economic Review, Vol. 71, No. 3, pp. 393-410.
    Search in Google Scholar
  36. 36. Suarez, J. (1994), “Closure rules, market power and risk-taking in a dynamic model of bank behaviour”, LSE Paper 196, November.
    Search in Google Scholar
DOI: https://doi.org/10.1515/bsrj-2015-0013 | Journal eISSN: 1847-9375 | Journal ISSN: 1847-8344
Journal RSS Feed
Language: English
Page range: 74 - 90
Submitted on: May 23, 2015
Accepted on: Jul 22, 2015
Published on: Oct 20, 2015
Published by: IRENET - Society for Advancing Innovation and Research in Economy
In partnership with: Paradigm Publishing Services
Keywords:
bank competition,
bank stability,
CEE countries
JEL:
D43,
E40,
E53
Related subjects:
Business and economics,
Business management,
Business management, other

© 2015 Ivan Huljak, published by IRENET - Society for Advancing Innovation and Research in Economy
This work is licensed under the Creative Commons Attribution 4.0 License.

Volume 6 (2015): Issue 2 (September 2015)
Previous article