Open Access

The Impact of Banking Sector Competition on Banks’ Risk-Taking in Transition Economies of Central and South-Eastern Europe


Cite

Beck, T., Demirgüç-Kunt, A., and Levine, R. 2003. Bank Concentration and Crises. National Bureau of Economic Research Working Paper Series, Working Paper No. 9921.10.1596/1813-9450-3041Search in Google Scholar

Berger, A., Klapper, L., and Turk-Ariss, R. 2009. Bank Competition and Financial Stability. World Bank, Policy Research Working Paper No. 4696.10.1596/1813-9450-4696Search in Google Scholar

Boyd, J., De Nicoló, G., and Jalal, A. 2006. Bank Risk-Taking and Competition Revisited: New Theory and New Evidence. IMF Working Paper No. WP/06/297.10.5089/9781451865578.001Search in Google Scholar

Brambor, T., Clark, W., and Golder, M. 2006. Understanding Interaction Models: Improving Empirical Analyses. Political Analysis 14 (1): 63-82.10.1093/pan/mpi014Search in Google Scholar

Chan, Y., Greenbaum, S. and Thakor, A. 1986. Information Reusability, Competition and Bank Asset Quality. Journal of Banking and Finance 10 (2): 243-253.10.1016/0378-4266(86)90008-7Search in Google Scholar

Chen, X. 2007. Banking Deregulation and Credit Risk: Evidence from the EU. Journal of Financial Stability 2 (4): 356-390.10.1016/j.jfs.2006.11.002Search in Google Scholar

Claessens, S. and Laeven, L. 2004. What Drives Bank Competition? Some International Evidence. Journal of Money, Credit, and Banking 36 (3): 563-583.10.1353/mcb.2004.0044Search in Google Scholar

Covitz, D. and Heitfield, E. 1999. Monitoring, Moral Hazard, and Market Power: A Model of Bank Lending. Board of Governors of the Federal Reserve System (U.S.), Finance and Economics Discussion Series No. 1999-37.10.17016/feds.1999.37Search in Google Scholar

Dell’Ariccia, G. 2000. Learning by Lending, Competition, and Screening Incentives in the Banking Industry. University of Pennsylvania, Canter for Financial Institutions Working Papers No. 00-10.Search in Google Scholar

Demsetz, R., Saidenberg, M., and Strahan, P. 1996. Banks with Something to Lose: The Disciplinary Role of Franchise Value. Economic Policy Review 2 (2): 1-14.10.2139/ssrn.1028769Search in Google Scholar

Dick, A. 2006. Nationwide Branching and Its Impact on Market Structure, Quality, and Bank Performance. Journal of Business 79 (2): 567-592.10.1086/499131Search in Google Scholar

Efthyvoulou, G. and Yildirim, C. 2014. Market Power in CEE Banking Sectors and the Impact of the Global Financial Crisis. Journal of Banking and Finance 40 (C): 11-27.10.1016/j.jbankfin.2013.11.010Search in Google Scholar

European Bank for Reconstruction and Development 2001. Transition Report. London.Search in Google Scholar

Greene, W., Orea, L., and Wall, A. 2010. Stochastic Frontiers using a Fixed-Effect Vector Decomposition Approach with an Application to ICT and Regional Productivity in Spain. Universidad de Oviedo, Departamento de Economía, Efficiency Series Paper 4/2010.Search in Google Scholar

Haselmann, R. 2006. Strategies of Foreign Banks in Transition Economies. Emerging Markets Review 7 (4): 283-299.10.1016/j.ememar.2006.09.002Search in Google Scholar

Hellman, T., Murdock, K., and Stiglitz, J. 2000. Liberalization, Moral Hazard in Banking, and Prudential Regulation: Are Capital Requirements Enough? American Economic Review 90 (1): 147-165.10.1257/aer.90.1.147Search in Google Scholar

Keeley, M. 1990. Deposit Insurance, Risk, and Market Power in Banking. The American Economic Review 80 (5): 1183-1200.Search in Google Scholar

Koskela, E. and Stanbecka, R. 2000. Is there a Trade-Off between Bank Competition and Financial Fragility? Journal of Banking and Finance 24 (12): 1853-1873.10.1016/S0378-4266(99)00120-XSearch in Google Scholar

Manove, M., Padilla, A., and Pagano, M. 2001. Collateral versus Project Screening: A Model of Lazy Banks. Journal of Economics 32 (4): 726-744.10.2307/2696390Search in Google Scholar

Marquez, R. 2002. Competition, Adverse Selection, and Information Dispersion in the Banking Industry. The Review of Financial Studies 15 (3): 901-926.10.1093/rfs/15.3.901Search in Google Scholar

Mustafa, A. and Toçi, V. 2017. Estimation of the Banking Sector Competition in the CEE Countries: The Panzar- Rosse Approach. Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business 35 (2): 459-485.10.18045/zbefri.2017.2.459Search in Google Scholar

Panzar, C. and Rosse, J. 1987. Testing for ‘Monopoly’ Equilibrium. Journal of Industrial Economics 35 (4): 443-456.10.2307/2098582Search in Google Scholar

Plümper, Th. and Troeger, V. 2004. The Estimation of Time- Invariant Variables in Panel Analyses with Unit Fixed Effects. SSRN Electronic Journal. (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=565904) (accessed September 7, 2017).10.2139/ssrn.565904Search in Google Scholar

Repullo, R. 2004. Capital Requirements, Market Power, and Risk-Taking in Banking. Journal of Financial Intermediation 13 (2): 156-182.10.1016/j.jfi.2003.08.005Search in Google Scholar

Salas, V. and Saurina, J. 2003. Deregulation, Market Power and Risk Behaviour in Spanish Banks. European Economic Review 47 (6): 1061-1075.10.1016/S0014-2921(02)00230-1Search in Google Scholar

Saunders A. and Allen, L. 2002. Credit Risk Measurement. John Wiley & Sons, Inc. New York.Search in Google Scholar

Schaeck, K., Čihák, M., and Wolfe, S. 2006. Are more Competitive Banking Systems more Stable? IMF Working Paper No. WP/06/143.10.5089/9781451864038.001Search in Google Scholar

Schaeck, K. and Čihák, M. 2007. Banking Competition and Capital Ratios. IMF Working Paper No. WP/07/216.10.5089/9781451867800.001Search in Google Scholar

Sengupta, R. 2007. Foreign Entry and Bank Competition. Journal of Financial Economics 84 (2): 502-528.10.1016/j.jfineco.2006.04.002Search in Google Scholar

Stiglitz, J. and Weiss, A. 1981. Credit Rationing in Markets with Imperfect Information. American Economic Review 71 (3): 393-410.Search in Google Scholar

World Bank 2013. The Role of the State in Promoting Bank Competition. Presented in Global Financial Development Report 2013. The World Bank, Washington, D.C.Search in Google Scholar

Yeyatti, E. and Micco, A. 2007. Concentration and Foreign Penetration in Latin American Banking Sectors: Impact on Competition and Risk. Journal of Banking and Finance 31 (6): 1633-1647.10.1016/j.jbankfin.2006.11.003Search in Google Scholar

eISSN:
2233-1999
Language:
English
Publication timeframe:
2 times per year
Journal Subjects:
Business and Economics, Business Management, other, Political Economics