G2TT
来源类型Discussion paper
规范类型论文
来源IDDP13150
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
URLhttps://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.
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