haku: @indexterm DEREGULATION / yhteensä: 280
viite: 21 / 280
| Tekijä: | Salas, V. Saurina, J. |
| Otsikko: | Deregulation, market power and risk behaviour in Spanish banks |
| Lehti: | European Economic Review
2003 : DEC, VOL. 47:6, p. 1061-1075 |
| Asiasana: | Banking Deregulation Markets Credit control Risk Spain |
| Kieli: | eng |
| Tiivistelmä: | This paper provides empirical evidence on the effects of regulatory changes in the market power of Spanish banks. It also analyzes the response of banks, in terms of risk-taking behaviour, as a result of a reduction in economic profits. It is found that liberalisation measures have increased competition and eroded banks' market power. It is observed that banks with lower charter values tend to have lower equity–assets ratios (lower solvency) and to experience higher credit risk. The last evidence is new in the literature and calls for strengthening regulatory concerns about credit risk management by banks in situations of increased competition. |
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