## figure2-6

## Source details

**Canonical URL:** [figure2-6](https://www.imf.org/-/media/files/publications/gfsr/2018/oct/ch2/pdf/figure2-6.pdf)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2018/oct/ch2/pdf/figure2-6.pdf.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2018/oct/ch2/pdf/figure2-6.pdf.json)

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### Thickening of capital buffers (main finding)
- "Thickening of capital buffers has been notable for systemic banks."
- Capital measures shown:
  - "Total regulatory capital to RWA"
  - "Tier 1 regulatory capital to RWA"
  - "Common equity to total assets"

### Postcrisis differences across countries and banks (Panel 1)
- The panel reports "Postcrisis Differences across Countries and Banks (Percentage points)".
- Each bar represents "the coefficient of the post–global financial crisis (GFC) dummy variable, that is, the difference in means in the postcrisis period (2010–17) relative to the precrisis period."
- "Solid bars indicate that the coefficients are statistically significant at the 10 percent level."
- Countries/groups referenced:
  - "BCBS countries"
  - "Non-BCBS countries"
  - "G-SIBs"
  - "Non–G-SIBs"
- Numeric axis tick labels shown in the figure:
  - Left-scale / percentage-point axis labels (as shown): "–1", "6", "0", "1", "2", "3", "4", "5"
  - Right-scale / smaller-scale labels (as shown): "–0.2", "–0.1", "0.0", "0.1", "0.2", "0.3", "0.4", "0.5"

### Banking concentration and competition (Panel 2)
- "Concentration within the banking sector has fallen slightly, although competition has not picked up."
- Panel 2 reports "Banking Concentration and Competition" and "shows the medians across all countries in the sample."
- Competition and concentration measures shown:
  - "Three-bank concentration ratio (percent, left scale)"
  - "Lerner index (right scale)"
  - "Boone index (right scale)"
- Definitions provided:
  - "The Lerner index is a measure of bank markups, the difference between output prices and marginal costs (estimated from a translog cost function). A higher value is associated with lower competition. To express it in percentage points, the Lerner index was multiplied by 100."
  - "The Boone indicator is a competition measure based on the elasticity of bank profits to marginal cost. A more negative value is consistent with greater competition because inefficient banks are punished more harshly through lower profits."
- Time markers and shading:
  - The figure shows a time axis with labels that appear as a sequence: "2000010203040506070809101112131415"
  - "The shaded area refers to the GFC."

### Notes, sources, and acronyms
- Sources: "World Bank, Global Financial Development Database; and IMF staff calculations."
- Additional notes:
  - "In panel 1, each bar represents the coefficient of the post–global financial crisis (GFC) dummy variable, that is, the difference in means in the postcrisis period (2010–17) relative to the precrisis period. Solid bars indicate that the coefficients are statistically significant at the 10 percent level."
  - "Panel 2 shows the medians across all countries in the sample."
- Acronyms:
  - "BCBS = Basel Committee on Banking Supervision"
  - "G-SIBs = global systemically important banks"
  - "RWA = risk-weighted assets"

*Source: figure2-6 (PDF).*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/oct/ch2/pdf/figure2-6.pdf_