Bank market power and lending during the global financial crisis
Elena Cubillas and
Journal of International Money and Finance, 2018, vol. 89, issue C, 1-22
This research examines how the Global Financial Crisis (GFC) affected banks’ supply of credit, not only in a direct way but also indirectly through changes in bank market power. We use a sample of 735 banks from 17 countries during the 2003–2012 period. We find that the direct negative impact of the GFC on banks’ supply of loans is counteracted by an indirect effect through the increased level of bank market power in the years after the onset of the crisis. This result is particularly relevant in countries with less stringent restrictions on bank activities and less supervisory power.
Keywords: Global Financial Crisis; Bank lending; Bank market power; Bank regulation and supervision (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:jimfin:v:89:y:2018:i:c:p:1-22
Access Statistics for this article
Journal of International Money and Finance is currently edited by J. R. Lothian
More articles in Journal of International Money and Finance from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().