This paper reviews the role of competition in banking against the background of a
transforming sector. It uses industrial organization and modern financial intermediation …

The second edition of an essential text on the microeconomic foundations of banking
surveys the latest research in banking theory, with new material that covers recent …

We study the effect of loan portfolio focus versus diversification on the return and the risk of
105 Italian banks over the period 1993–99 using data on bank‐by‐bank exposures to …

This paper investigates the effects of focus versus diversification on bank performance using
data on Chinese banks during the 1996–2006 period. We construct a new measure …

Systemic risk refers to the propagation of an agent's economic distress to other agents linked
to that agent through financial transactions. Systemic risk is a serious concern in …

The savings/investment process in capitalist economies is organized around bank-like
financial intermediaries (“banks”), making them a central institution of economic growth …

In the 1990s, Latin American banking sectors experienced an accelerated process of
concentration and foreign penetration that prompted diverse views regarding its implications …

Seit Erscheinen der vorigen Auflage ist die Flut an neuen Regulierungsvorschriften nicht
zum Stillstand gekommen. Die Regelungsinhalte sollen nach wie vor zahlreiche Defizite, die …

We asses the welfare implications of banking competition under various deposit insurance
regimes in a model of imperfect competition with social failure costs and where banks are …

We assess the effectiveness of different public policy instruments for the creation of active
venture capital markets. Our methodology focusses on 'innovation ratios', defined to be the …