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Abstract:

We study the impact of competition on banks' risk-taking behavior under different assumptions about deposit insurance and the dissemination of financial information. While opening increases banks' riskiness, a risk-based deposit insurance or, alternatively, the public disclosure of financial information, are likely to mitigate this effect. Moreover, the limiting cases of uninsured but fully informed depositors, and risk-based full deposit insurance, yield the same equilibrium risk level. Although the welfare consequences of increased competition depend on its impact on risk, financial opening unambiguously improves welfare as we approach the limiting cases. © 2002 Elsevier Science B.V. All rights reserved.

Registro:

Documento: Artículo
Título:Financial opening, deposit insurance, and risk in a model of banking competition
Autor:Cordella, T.; Yeyati, E.L.
Filiación:Research Department, International Monetary Fund, 700 19th street N.W., Washington, DC 20431a, United States
School of Business, Universidad Torcuato di Tella, Miones 2159, 1428 Buenos Aires, Argentina
Palabras clave:Bank competition; Deposit insurance; Financial opening; Information disclosure; Risk; banking; competition (economics); financial services; welfare impact
Año:2002
Volumen:46
Número:3
Página de inicio:471
Página de fin:485
DOI: http://dx.doi.org/10.1016/S0014-2921(01)00150-7
Título revista:European Economic Review
Título revista abreviado:Eur. Econ. Rev.
ISSN:00142921
Registro:https://bibliotecadigital.exactas.uba.ar/collection/paper/document/paper_00142921_v46_n3_p471_Cordella

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Citas:

---------- APA ----------
Cordella, T. & Yeyati, E.L. (2002) . Financial opening, deposit insurance, and risk in a model of banking competition. European Economic Review, 46(3), 471-485.
http://dx.doi.org/10.1016/S0014-2921(01)00150-7
---------- CHICAGO ----------
Cordella, T., Yeyati, E.L. "Financial opening, deposit insurance, and risk in a model of banking competition" . European Economic Review 46, no. 3 (2002) : 471-485.
http://dx.doi.org/10.1016/S0014-2921(01)00150-7
---------- MLA ----------
Cordella, T., Yeyati, E.L. "Financial opening, deposit insurance, and risk in a model of banking competition" . European Economic Review, vol. 46, no. 3, 2002, pp. 471-485.
http://dx.doi.org/10.1016/S0014-2921(01)00150-7
---------- VANCOUVER ----------
Cordella, T., Yeyati, E.L. Financial opening, deposit insurance, and risk in a model of banking competition. Eur. Econ. Rev. 2002;46(3):471-485.
http://dx.doi.org/10.1016/S0014-2921(01)00150-7