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- Publisher Website: 10.1017/S0022109016000090
- Scopus: eid_2-s2.0-84963856289
- WOS: WOS:000374248600001
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Article: Bank Competition and Financial Stability: Evidence from the Financial Crisis
Title | Bank Competition and Financial Stability: Evidence from the Financial Crisis |
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Authors | |
Issue Date | 2016 |
Citation | Journal of Financial and Quantitative Analysis, 2016, v. 51, n. 1, p. 1-28 How to Cite? |
Abstract | We examine the link between bank competition and financial stability using the recent financial crisis as the setting. We utilize variation in banking competition at the state level and find that banks facing less competition are more likely to engage in risky activities, more likely to face regulatory intervention, and more likely to fail. Focusing on the real estate market, we find that states with less competition had higher rates of mortgage approval, experienced greater inflation in housing prices before the crisis, and experienced a steeper decline in housing prices during the crisis. Overall, our study is consistent with greater competition increasing financial stability. |
Persistent Identifier | http://hdl.handle.net/10722/315255 |
ISSN | 2021 Impact Factor: 4.337 2020 SCImago Journal Rankings: 4.657 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Akins, Brian | - |
dc.contributor.author | Li, Lynn | - |
dc.contributor.author | Ng, Jeffrey | - |
dc.contributor.author | Rusticus, Tjomme O. | - |
dc.date.accessioned | 2022-08-05T10:18:13Z | - |
dc.date.available | 2022-08-05T10:18:13Z | - |
dc.date.issued | 2016 | - |
dc.identifier.citation | Journal of Financial and Quantitative Analysis, 2016, v. 51, n. 1, p. 1-28 | - |
dc.identifier.issn | 0022-1090 | - |
dc.identifier.uri | http://hdl.handle.net/10722/315255 | - |
dc.description.abstract | We examine the link between bank competition and financial stability using the recent financial crisis as the setting. We utilize variation in banking competition at the state level and find that banks facing less competition are more likely to engage in risky activities, more likely to face regulatory intervention, and more likely to fail. Focusing on the real estate market, we find that states with less competition had higher rates of mortgage approval, experienced greater inflation in housing prices before the crisis, and experienced a steeper decline in housing prices during the crisis. Overall, our study is consistent with greater competition increasing financial stability. | - |
dc.language | eng | - |
dc.relation.ispartof | Journal of Financial and Quantitative Analysis | - |
dc.title | Bank Competition and Financial Stability: Evidence from the Financial Crisis | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1017/S0022109016000090 | - |
dc.identifier.scopus | eid_2-s2.0-84963856289 | - |
dc.identifier.volume | 51 | - |
dc.identifier.issue | 1 | - |
dc.identifier.spage | 1 | - |
dc.identifier.epage | 28 | - |
dc.identifier.eissn | 1756-6916 | - |
dc.identifier.isi | WOS:000374248600001 | - |