| 来源类型 | Working papers |
| 规范类型 | 论文 |
| DOI | 10.3929/ethz-a-006170992 |
| Market concentration and the likelihood of financial crises | |
| Bretschger, Lucas; Kappel, Vivien | |
| 发表日期 | 2010-09 |
| 出版者 | ETH Zurich, Center of Economic Research (CER-ETH) |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | According to theory, market concentration affects the likelihood of a financial crisis in different ways. The “concentration-stability” and the “concentrationfragility” hypotheses suggest opposing effects operating through specific channels. Using data of 160 countries for the period 1970-2007, this paper empirically tests these indirect effects of financial market structure. We set up a simultaneous system in order to jointly estimate financial stability and the relevant channel variables as endogenous variables. Our findings provide support for the assumption of channel effects in general and both the concentrationstability and the concentration-fragility hypothesis in particular. The effects are found to vary between high and low income countries. |
| 主题 | Market concentration ; Financial crisis ; Systemic crisis |
| URL | https://www.research-collection.ethz.ch/handle/20.500.11850/27066 |
| 来源智库 | Centre for Energy Policy and Economics (Switzerland) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/266681 |
| 推荐引用方式 GB/T 7714 | Bretschger, Lucas,Kappel, Vivien. Market concentration and the likelihood of financial crises. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| eth-1759-01.pdf（1446KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
| eth-1759-01.jpg（3KB） | 智库出版物 | 限制开放 | CC BY-NC-SA |  浏览 | ||
| 文件名： | eth-1759-01.jpg |
| 格式： | JPEG |
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