Financial opening, deposit insurance, and risk in a model of banking competition
We study the impact of competition on banks' risk-taking behavior under different assumptions about deposit insurance and the dissemination of financial information. While opening increases banks' riskiness, a risk-based deposit insurance or, alternatively, the public disclosure of financi...
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| Formato: | Capítulo de libro |
| Lenguaje: | Inglés |
| Publicado: |
2002
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| Acceso en línea: | Registro en Scopus DOI Handle Registro en la Biblioteca Digital |
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| LEADER | 06101caa a22006857a 4500 | ||
|---|---|---|---|
| 001 | PAPER-20397 | ||
| 003 | AR-BaUEN | ||
| 005 | 20230518205148.0 | ||
| 008 | 190411s2002 xx ||||fo|||| 00| 0 eng|d | ||
| 024 | 7 | |2 scopus |a 2-s2.0-0036189659 | |
| 040 | |a Scopus |b spa |c AR-BaUEN |d AR-BaUEN | ||
| 100 | 1 | |a Cordella, T. | |
| 245 | 1 | 0 | |a Financial opening, deposit insurance, and risk in a model of banking competition |
| 260 | |c 2002 | ||
| 270 | 1 | 0 | |m Cordella, T.; Research Department, International Monetary Fund, 700 19th street N.W., Washington, DC 20431, United States; email: tcordella@imf.org |
| 506 | |2 openaire |e Política editorial | ||
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| 504 | |a Cordella, T., Levy Yeyati, E., Public disclosure and bank failures (1997) IMF Staff Papers 45, pp. 110-131 | ||
| 504 | |a Dewatripoint, M., Tirole, J., (1994) The Prudential Regulation of Banks, , The MIT Press, Cambridge, MA | ||
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| 504 | |a Gottardi, P., Yanelle, M.O., (1997) Financial Innovation and Competition among Intermediaries, , Note di Lavoro, 97.10, Università degli studi di Venezia | ||
| 504 | |a Keeley, M., Deposit insurance, risk, and market power in banking (1990) American Economic Review, 80, pp. 1183-1200 | ||
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| 504 | |a Salop, S., Monopolistic competition with outside goods (1979) The Bell Journal of Economics, 10, pp. 141-156 | ||
| 504 | |a Schargrodsky, E., Sturzenegger, F., (1999) Banking Regulation and Competition with Product Differentiation, , Mimeo., Universidad Torcuato Di Tella, Buenos Aires | ||
| 504 | |a Yanelle, M.O., The strategic analysis of intermediation (1989) European Economic Review, 33, pp. 294-301 | ||
| 504 | |a Yanelle, M.O., Banking competition and market efficiency (1997) Review of Economic Studies, 64, pp. 215-239 | ||
| 504 | |a Zahler, R., Budnevich, C., (1998) Integración financiera y coordinación macroeconómica en el mercosur, , Mimeo., Central Bank of Chile | ||
| 520 | 3 | |a We study the impact of competition on banks' risk-taking behavior under different assumptions about deposit insurance and the dissemination of financial information. While opening increases banks' riskiness, a risk-based deposit insurance or, alternatively, the public disclosure of financial information, are likely to mitigate this effect. Moreover, the limiting cases of uninsured but fully informed depositors, and risk-based full deposit insurance, yield the same equilibrium risk level. Although the welfare consequences of increased competition depend on its impact on risk, financial opening unambiguously improves welfare as we approach the limiting cases. © 2002 Elsevier Science B.V. All rights reserved. |l eng | |
| 593 | |a Research Department, International Monetary Fund, 700 19th street N.W., Washington, DC 20431a, United States | ||
| 593 | |a School of Business, Universidad Torcuato di Tella, Miones 2159, 1428 Buenos Aires, Argentina | ||
| 690 | 1 | 0 | |a BANK COMPETITION |
| 690 | 1 | 0 | |a DEPOSIT INSURANCE |
| 690 | 1 | 0 | |a FINANCIAL OPENING |
| 690 | 1 | 0 | |a INFORMATION DISCLOSURE |
| 690 | 1 | 0 | |a RISK |
| 690 | 1 | 0 | |a BANKING |
| 690 | 1 | 0 | |a COMPETITION (ECONOMICS) |
| 690 | 1 | 0 | |a FINANCIAL SERVICES |
| 690 | 1 | 0 | |a WELFARE IMPACT |
| 700 | 1 | |a Yeyati, E.L. | |
| 773 | 0 | |d 2002 |g v. 46 |h pp. 471-485 |k n. 3 |p Eur. Econ. Rev. |x 00142921 |t European Economic Review | |
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| 856 | 4 | 0 | |u https://doi.org/10.1016/S0014-2921(01)00150-7 |y DOI |
| 856 | 4 | 0 | |u https://hdl.handle.net/20.500.12110/paper_00142921_v46_n3_p471_Cordella |y Handle |
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