01842cas a2200277 a 4500 AALejournalIMF019389 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498318501 1018-5941 BD-DhAAL BD-DhAAL Altunbas, Yener. Competition and Bank Risk the Role of Securitization and Bank Capital / Yener Altunbas, David Marques-Ibanez, Michiel van Leuvensteijn, Tianshu Zhao. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (39 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 We examine how bank competition in the run-up to the 2007-2009 crisis affects banks' systemic risk during the crisis. We then investigate whether this effect is influenced by two key bank characteristics: securitization and bank capital. Using a sample of the largest listed banks from 15 countries, we find that greater market power at the bank level and higher competition at the industry level lead to higher realized systemic risk. The results suggest that the use of securitization exacerbates the effects of market power on the systemic dimension of bank risk, while capitalization partially mitigates its impact. Mode of access: Internet Marques-Ibanez, David. van Leuvensteijn, Michiel. Zhao, Tianshu. IMF Working Papers; Working Paper ; No. 2019/140 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/140/001.2019.issue-140-en.xml IMF e-Library