Bank Competition and Financial Stability: Much Ado about Nothing?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F16%3A10312125" target="_blank" >RIV/00216208:11230/16:10312125 - isvavai.cz</a>
Result on the web
<a href="http://onlinelibrary.wiley.com/doi/10.1111/joes.12131/pdf" target="_blank" >http://onlinelibrary.wiley.com/doi/10.1111/joes.12131/pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1111/joes.12131" target="_blank" >10.1111/joes.12131</a>
Alternative languages
Result language
angličtina
Original language name
Bank Competition and Financial Stability: Much Ado about Nothing?
Original language description
The theoretical literature gives conflicting predictions on how bank competition should affect financial stability, and dozens of researchers have attempted to evaluate the relationship empirically. We collect 598 estimates of the competition-stability nexus reported in 31 studies and analyze the literature using meta-analysis methods. We control for 35 aspects of study design and employ Bayesian model averaging to tackle the resulting model uncertainty. Our findings suggest that the definition of financial stability and bank competition used by researchers influences their results in a systematic way. The choice of data, estimation methodology, and control variables also affects the reported coefficient. We find evidence for moderate publication bias. Taken together, the estimates reported in the literature suggest little interplay between competition and stability, even when corrected for publication bias and potential misspecifications.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Economic Surveys
ISSN
0950-0804
e-ISSN
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Volume of the periodical
30
Issue of the periodical within the volume
5
Country of publishing house
GB - UNITED KINGDOM
Number of pages
38
Pages from-to
944-981
UT code for WoS article
000386945500005
EID of the result in the Scopus database
2-s2.0-84940566123