search query: @author Stenbacka, R. / total: 13
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| Author: | Koskela, E. Stenbacka, R. |
| Title: | Is there a tradeoff between bank competition and financial fragility? |
| Journal: | Journal of Banking and Finance
2000 : DEC, VOL. 24:12, p. 1853-1874 |
| Index terms: | BANKING COMPETITION MARKET STRUCTURE |
| Language: | eng |
| Abstract: | The authors use a model of mean-shifting investment technologies to study the relationship between market structure, risk taking and social welfare in lending markets. Introduction of loan market competition is shown to reduce lending rates and to generate higher investments without increasing the equilibrium bankruptcy risk of borrowers. Hence, there need not be a tradeoff between lending market competition and financial fragility. |
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