{
  "title": "Are More Competitive Banking Systems More Stable?",
  "publication": "IMF Working Papers, June 1, 2006",
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  "summary": "This paper provides the first empirical analysis of the cross-country relationship between a direct measure of competitive conduct of financial institutions and banking system fragility.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Provides the first empirical analysis of the cross-country relationship between a direct measure of competitive conduct of financial institutions and banking system fragility.\n- Uses the Panzar and Rosse H-Statistic as a measure for competition in 38 countries during 1980-2003.\n- Presents evidence that more competitive banking systems are less prone to systemic crises and that time to crisis is longer in a competitive environment.\n- Results hold when concentration and the regulatory environment are controlled for and are robust to different methodologies, different sampling periods, and alternative samples."
    },
    {
      "heading": "Methodology and Data",
      "content": "- Competition measure: Panzar and Rosse H-Statistic.\n- Sample: 38 countries.\n- Sample period: 1980-2003.\n- Empirical approach includes controlling for concentration and the regulatory environment and applying alternative methodologies, sampling periods, and samples."
    },
    {
      "heading": "Key Findings",
      "content": "- More competitive banking systems are less prone to systemic crises.\n- Time to crisis is longer in a competitive environment.\n- Findings are robust to:\n  - Controls for concentration.\n  - Controls for the regulatory environment.\n  - Different methodologies.\n  - Different sampling periods.\n  - Alternative samples.\n\n---\n\n Content in this bundle\n\n- Wp06143\n  - Wp06143 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Wp06143 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/are-more-competitive-banking-systems-more-stable-19220"
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    "Authors: Martin Cihak, Simon Wolfe, Klaus Schaeck",
    "Published: June 1, 2006",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451864038.001",
    "Provides the first empirical analysis of the cross-country relationship between a direct measure of competitive conduct of financial institutions and banking system fragility.",
    "Uses the Panzar and Rosse H-Statistic as a measure for competition in 38 countries during 1980-2003.",
    "Presents evidence that more competitive banking systems are less prone to systemic crises and that time to crisis is longer in a competitive environment.",
    "Results hold when concentration and the regulatory environment are controlled for and are robust to different methodologies, different sampling periods, and alternative samples.",
    "Competition measure: Panzar and Rosse H-Statistic.",
    "Sample: 38 countries.",
    "Sample period: 1980-2003.",
    "Empirical approach includes controlling for concentration and the regulatory environment and applying alternative methodologies, sampling periods, and samples.",
    "More competitive banking systems are less prone to systemic crises.",
    "Time to crisis is longer in a competitive environment.",
    "Findings are robust to:",
    "**Wp06143**"
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