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政大機構典藏 > 商學院 > 金融學系 > 期刊論文 > Item 140.119/127921

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/127921

Title:	Loan Market Competition and Bank Stability : a Re-examination of Banking Competition and Risk Taking
Authors:	張興華 Chang, Hsing-Hua Lee, Li-Hsuan Chiang, Yeong-Yuh
Contributors:	金融系
Keywords:	Bank competition;Financial stability;Risk shifting;Market structure
Date:	2016-01
Issue Date:	2019-12-19 14:39:17 (UTC+8)
Abstract:	The link between banking competition and stability is complex. In 2005, Boyd and De Nicóclo provide a competition-stability model by arguing that competition drives down loan rates and induces less risky investment. This paper introduces a deposit-cost-transmitting mechanism and argues that there is an inverse U-shaped relationship between banking competition and the borrowers` risk-taking behaviors. When banks are equipped with capital-cost transmitting power, great profit margins drive banks to raise loan rates and cause entrepreneurs to choose riskier projects. The environment with higher banking bargaining power tends to be in favor of the competition-fragility view. When banks’ monopoly power is less robust, stiffer competition depresses demand for deposits and decreases both deposit rates and loan rates, inducing the choices of safer projects. Thus, the competition-stability view prevails over the concentration-stability view in a competitive banking system.
Relation:	International Research Journal of Applied Finance, Vol.VII, No.10, pp.240-253
Data Type:	article
Appears in Collections:	[金融學系] 期刊論文

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