{"department":[{"_id":"19"},{"_id":"186"},{"_id":"188"}],"author":[{"orcid":"https://orcid.org/0000-0002-8058-8857","full_name":"Uhde, André","first_name":"André","last_name":"Uhde","id":"36049"},{"last_name":"Michalak","first_name":"Tobias","full_name":"Michalak, Tobias"}],"status":"public","date_updated":"2023-01-18T09:40:38Z","title":"The nexus between monetary policy, banking market structures and bank risk-taking","user_id":"21810","type":"working_paper","_id":"34910","year":"2011","citation":{"mla":"Uhde, André, and Tobias Michalak. <i>The Nexus between Monetary Policy, Banking Market Structures and Bank Risk-Taking</i>. 2011.","chicago":"Uhde, André, and Tobias Michalak. <i>The Nexus between Monetary Policy, Banking Market Structures and Bank Risk-Taking</i>, 2011.","ieee":"A. Uhde and T. Michalak, <i>The nexus between monetary policy, banking market structures and bank risk-taking</i>. 2011.","short":"A. Uhde, T. Michalak, The Nexus between Monetary Policy, Banking Market Structures and Bank Risk-Taking, 2011.","ama":"Uhde A, Michalak T. <i>The Nexus between Monetary Policy, Banking Market Structures and Bank Risk-Taking</i>.; 2011.","apa":"Uhde, A., &#38; Michalak, T. (2011). <i>The nexus between monetary policy, banking market structures and bank risk-taking</i>.","bibtex":"@book{Uhde_Michalak_2011, title={The nexus between monetary policy, banking market structures and bank risk-taking}, author={Uhde, André and Michalak, Tobias}, year={2011} }"},"language":[{"iso":"eng"}],"abstract":[{"text":"Using a sample of stock-listed bank holding companies located in Western Europe over the period from 1997 to 2008\r\nthis paper provides empirical evidence that an increase in short-term interest rates as well as an extended period of\r\nexpansionary monetary policy has a negative impact on European stock-listed banks’ soundness as measured by the\r\nExpected Default Frequency. Against this background and in order to evaluate interactions between the risk-taking\r\nchannel of monetary policy and the competitiveness of a country’s banking market we find a negative impact of an\r\nincrease in competition in the loan market – proxied by the Boone-indicator – on financial soundness. Referring to the\r\nstructural-conduct performance (SCP) paradigm, this paper provides further evidence that an increase in concentration\r\nin the banking market spurs financial soundness.","lang":"eng"}],"date_created":"2022-12-23T11:02:00Z"}