---
_id: '36021'
abstract:
- lang: eng
  text: 'Using a sample of stock-listed bank holding companies located in Western
    Europe over the period from 1997 to 2008 this paper provides empirical evidence
    that an increase in short-term interest rates as well as an extended period of
    expansionary monetary policy has a negative impact on European stock-listed banks’
    soundness as measured by the Expected Default Frequency. Against this background
    and in order to evaluate interactions between the risk-taking channel of monetary
    policy and the competitiveness of a country’s banking market we find a negative
    impact of an increase in competition in the loan market – proxied by the Boone-indicator
    – on financial soundness. Referring to the structural-conduct performance (SCP)
    paradigm, this paper provides further evidence that an increase in concentration
    in the banking market spurs financial soundness. '
author:
- first_name: Tobias C.
  full_name: Michalak, Tobias C.
  last_name: Michalak
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
citation:
  ama: Michalak TC, Uhde A. <i>The Nexus between Monetary Policy, Banking Market Structure
    and Bank Risk Taking</i>. Paderborn University; 2011.
  apa: Michalak, T. C., &#38; Uhde, A. (2011). <i>The Nexus between Monetary Policy,
    Banking Market Structure and Bank Risk Taking</i>. Paderborn University.
  bibtex: '@book{Michalak_Uhde_2011, title={The Nexus between Monetary Policy, Banking
    Market Structure and Bank Risk Taking}, publisher={Paderborn University}, author={Michalak,
    Tobias C. and Uhde, André}, year={2011} }'
  chicago: Michalak, Tobias C., and André Uhde. <i>The Nexus between Monetary Policy,
    Banking Market Structure and Bank Risk Taking</i>. Paderborn University, 2011.
  ieee: T. C. Michalak and A. Uhde, <i>The Nexus between Monetary Policy, Banking
    Market Structure and Bank Risk Taking</i>. Paderborn University, 2011.
  mla: Michalak, Tobias C., and André Uhde. <i>The Nexus between Monetary Policy,
    Banking Market Structure and Bank Risk Taking</i>. Paderborn University, 2011.
  short: T.C. Michalak, A. Uhde, The Nexus between Monetary Policy, Banking Market
    Structure and Bank Risk Taking, Paderborn University, 2011.
date_created: 2023-01-11T11:04:30Z
date_updated: 2024-04-17T13:35:15Z
department:
- _id: '186'
- _id: '188'
jel:
- E43
- E44
- E52
- G01
- G28
keyword:
- risk-taking channel
- competition
- concentration
- bank soundness
- European banking
language:
- iso: eng
publication_status: published
publisher: Paderborn University
status: public
title: The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking
type: working_paper
user_id: '21810'
year: '2011'
...