Information verifiability, bank organization, bank competition and bank–borrower relationships

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Disinvestment and Bank Competition

We address the questions of disinvestment (partial privatization) and entry in the context of quantity competition between a partially privatized public bank and a private bank. We find that social welfare improves with entry only when the private banks are more efficient than the public bank. We also determine socially optimum degree of disinvestment and entry.

متن کامل

Competition and Bank Opacity

Did regulatory reforms that lowered barriers to competition among U.S. banks increase or decrease the degree to which banks manage the information that they disclose to the public and regulators? We find that relaxing regulatory impediments to competition reduced discretionary loan loss provisioning and the frequency with which banks restate financial statements. The results suggest that compet...

متن کامل

Institutions, Relationships and Bank Competition in Bond Underwriting Markets

This paper addresses the question of whether existing institutional di erences in banking systems a ect bank competition in capital markets. Post-deregulation competition between entrant commercial banks and incumbent investment banks in the Japanese corporate bond underwriting market is empirically analyzed and compared with the results of the U.S. study in (Yasuda 2001b). I nd that the certi ...

متن کامل

Competition Among Bank Regulators

T he organization of bank regulation in the United States is somewhat peculiar. Banks answer to an array of regulators, both federal and state. To begin with, a bank can choose a national or a state charter. National banks are regulated by the Office of the Comptroller of the Currency (OCC). State banks are regulated by their home states, as well as by a federal regulator. The Federal Reserve S...

متن کامل

Bank mergers, competition and liquidity

We provide a model of the impact of bank mergers on loan competition, individual reserve management and aggregate liquidity risk. Banks hold reserves against liquidity shocks, refinance in the interbank market and compete in a differentiated loan market. A merger creates an internal money market that induces financial cost advantages and may increase reserve holdings. We assess the liquidity ri...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Journal of Banking & Finance

سال: 2011

ISSN: 0378-4266

DOI: 10.1016/j.jbankfin.2010.09.010