We would like to thank the editor, Deborah Lucas, and two anonymous referees for their valuable suggestions that helped significantly improve the paper. We also thank Erlend Nier, Hans Degryse, Giovanni Dell’Ariccia, Bob Eisenbeis, Alain Ize, Philipp Hartmann, Charles Goodhart, Alberto Pozzolo, Marcello Messori, George McKenzie, Johnnie Johnson, Masaki Yamada, Anastasios Plataniotis, Mahvash Saeed Qureshi, Sarah Odesanmi, and seminar participants at the International Monetary Fund; at the University of Southampton; at the Workshop “The Architecture of Financial System Stability: From Market Microstructure to Monetary Policy,” Capri, Italy; at the conference “The Changing Geography of Banking,” Ancona, Italy; and at the 8th ECB-CFS Conference “Financial Integration and Stability in Europe,” Madrid, Spain for helpful comments. All remaining errors are our own.
Are Competitive Banking Systems More Stable?
Article first published online: 13 MAY 2009
© 2009 The Ohio State University
Journal of Money, Credit and Banking
Volume 41, Issue 4, pages 711–734, June 2009
How to Cite
SCHAECK, K., CIHAK, M. and WOLFE, S. (2009), Are Competitive Banking Systems More Stable?. Journal of Money, Credit and Banking, 41: 711–734. doi: 10.1111/j.1538-4616.2009.00228.x
This paper's findings, interpretations, and conclusions are entirely those of the authors and do not necessarily reflect the views of the International Monetary Fund, its Executive Directors, or the countries they represent.
- Issue published online: 13 MAY 2009
- Article first published online: 13 MAY 2009
- Received January 19, 2006; and accepted in revised form August 20, 2008.
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