Is there a competition-stability trade-off in European banking?

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• 作者：Aur&eacute ; lien Leroy^a ; ^{aurelien.leroy3@gmail.com} ; Yannick Lucotte^b ; ^{ylucotte@gmail.com}
• 关键词：Bank competition ; Lerner index ; Financial stability ; Bank-risk taking ; Systemic risk ; Competition policy
• 刊名：Journal of International Financial Markets, Institutions and Money
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：46
• 期：Complete
• 页码：199-215
• 全文大小：587 K
• 卷排序：46

文摘

This study empirically investigates the competition-stability trade-off. Bank-individual risk and systemic risk measures are considered. Analysis focuses on a large sample of European listed banks. Results indicate that competition increases individual bank fragility. On the contrary, we find that competition decreases systemic risk.