01740cas a2200265 a 4500 AALejournalIMF004203 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451864038 1018-5941 BD-DhAAL BD-DhAAL Cihak, Martin. Are More Competitive Banking Systems More Stable? / Martin Cihak, Simon Wolfe, Klaus Schaeck. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (37 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides the first empirical analysis of the cross-country relationship between a direct measure of competitive conduct of financial institutions and banking system fragility. Using the Panzar and Rosse H-Statistic as a measure for competition in 38 countries during 1980-2003, we present evidence that more competitive banking systems are less prone to systemic crises and that time to crisis is longer in a competitive environment. Our results hold when concentration and the regulatory environment are controlled for and are robust to different methodologies, different sampling periods, and alternative samples. Mode of access: Internet Schaeck, Klaus. Wolfe, Simon. IMF Working Papers; Working Paper ; No. 2006/143 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/143/001.2006.issue-143-en.xml IMF e-Library