haku: @freeterm Texas real estate crisis / yhteensä: 1
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| Tekijä: | Gan, J. |
| Otsikko: | Banking market structure and financial stability: evidence from the Texas real estate crisis in the 1980s |
| Lehti: | Journal of Financial Economics
2004 : SEP, VOL. 73:3, p. 567-601 |
| Asiasana: | Banking Market structure Moral hazard Property |
| Vapaa asiasana: | Texas real estate crisis |
| Kieli: | eng |
| Tiivistelmä: | This article examines the relationship between banking market structure and financial stability. Using the Texas real estate collapse in the 1980s as a natural experiment, the author finds evidence to support his hypothesis. First hypothesis is that competition reduces franchise value. Second, reduced franchise value induces risk taking. |
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