| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13150 |
| DP13150 Foreign Expansion, Competition and Bank Risk | |
| Ester Faia; Gianmarco Ottaviano; Sébastien Laffitte | |
| 发表日期 | 2018-09-02 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Using a novel dataset on the 15 European banks classified as G-SIBs from 2005 to 2014, we find that the impact of foreign expansion on risk is always negative and significant for most individual and systemic risk metrics. In the case of individual metrics, we also find that foreign expansion affects risk through a competition channel as the estimated impact of openings differs between host countries that are more or less competitive than the source country. The systemic risk metrics also decline with respect to expansion, though results for the competition channel are more mixed, suggesting that systemic risk is more likely to be affected by country or business models characteristics that go beyond and above the differential intensity of competition between source and host markets. Empirical results can be rationalized through a simple model with oligopolistic/oligopsonistic banks and endogenous assets/liabilities risk. |
| 主题 | Financial Economics ; International Macroeconomics and Finance ; International Trade and Regional Economics |
| 关键词 | Banks' risk-taking Systemic risk Geographical expansion Gravity Diversification Competition Regulatory arbitrage |
| URL | https://cepr.org/publications/dp13150 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541953 |
| 推荐引用方式 GB/T 7714 | Ester Faia,Gianmarco Ottaviano,Sébastien Laffitte. DP13150 Foreign Expansion, Competition and Bank Risk. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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