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Cover Art
E-RESOURCE
Author De Nicolo, Gianni.

Title Bank Risk-Taking and Competition Revisited [electronic resource] / Gianni De Nicolo.

Published Washington, D.C. : International Monetary Fund, 2003.

Copies

Location Call No. Status
 UniM INTERNET resource    AVAILABLE
Physical description 1 online resource (24 p.)
Series IMF Working Papers; Working Paper ; No. 03/114
IMF Working Papers; Working Paper ; No. 03/114
Summary This study reinvestigates the theoretical relationship between competition in banking and banks' exposure to risk of failure. There is a large existing literature that concludes that when banks are confronted with increased competition, they rationally choose more risky portfolios. We briefly review this literature and argue that it has had a significant influence on regulators and central bankers, causing them to take a less favorable view of competition and encouraging anti-competitive consolidation as a response to banking instability. We then show that existing theoretical analyses of this topic are fragile, since they do not detect two fundamental risk-incentive mechanisms that operate in exactly the opposite direction, causing banks to aquire more risk per portfolios as their markets become more concentrated. We argue that these mechanisms should be essential ingredients of models of bank competition.
Notes Description based on print version record.
Other author Boyd, John H.
De Nicolo, Gianni.
Subject Bank Markets
Bank Risk Shifting
Bank Risk
Bank Risk-Shifting
Banking
Deposit Insurance
ISBN 1451853815 : 15.00 USD
9781451853810
ISSN 1018-5941
Standard Number 10.5089/9781451853810.001