Klaus Schaeck is a Professor of Empirical Banking at Bangor Business School in Bangor, UK. Martin Cihák is a Lead Economist at the World Bank in Washington, DC.
Competition, Efficiency, and Stability in Banking
Version of Record online: 14 APR 2013
© 2013 Financial Management Association International
Volume 43, Issue 1, pages 215–241, Spring 2014
How to Cite
Schaeck, K. and Cihák, M. (2014), Competition, Efficiency, and Stability in Banking. Financial Management, 43: 215–241. doi: 10.1111/fima.12010
We thank Thorsten Beck, Enrica Detragiache, Hans Degryse, Olivier de Jonghe, Valeriya Dinger, Bill Francis, Philipp Hartmann, Iftekhar Hasan, David Marques Ibanez, Ed Kane, Karolin Kirschenmann, Bill Christie (Editor) Andrea Maechler, Bruno Parigi, Alexander Popov, Steven Ongena, Antonio Scalia, Sascha Steffen, Elu von Thadden, Giovanni Urga, an anonymous referee, and conference participants at the European Banking Symposium at Bocconi University, the Financial Management Association Meeting in New York, the 2nd CEPR-EBC-UA Conference on Competition in Banking Markets in Antwerp, the Royal Economic Society Conference (Royal Holloway), the 12th Symposium on Finance, Banking, and Insurance in Karlsruhe, and seminar participants at the International Monetary Fund, the Bank of England, Rensselaer Polytechnic Institute, the Cass Business School, the City University London (Economics Department), the University of Groningen, and the Bangor Business School for insightful and stimulating comments. Watcharee Corkill and Thanh Van Nguyen provided excellent research and editorial assistance. All remaining errors are our own. This paper is a revised version of a study prepared under the European Central Bank's Lamfalussy Fellowship Program. Any views expressed are those of the authors and do not necessarily represent the views of the European Central Bank, the Eurosystem, or the World Bank.
- Issue online: 10 MAR 2014
- Version of Record online: 14 APR 2013
- Accepted manuscript online: 3 JAN 2013 04:50AM EST
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