{"language":[{"iso":"eng"}],"date_updated":"2024-04-17T13:35:15Z","title":"The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking","abstract":[{"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. ","lang":"eng"}],"status":"public","_id":"36021","publication_status":"published","date_created":"2023-01-11T11:04:30Z","user_id":"21810","author":[{"full_name":"Michalak, Tobias C.","last_name":"Michalak","first_name":"Tobias C."},{"last_name":"Uhde","full_name":"Uhde, André","id":"36049","first_name":"André"}],"year":"2011","citation":{"apa":"Michalak, T. C., &#38; Uhde, A. (2011). <i>The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking</i>. Paderborn University.","mla":"Michalak, Tobias C., and André Uhde. <i>The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking</i>. Paderborn University, 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.","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} }","ieee":"T. C. Michalak and A. Uhde, <i>The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking</i>. Paderborn University, 2011.","ama":"Michalak TC, Uhde A. <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."},"type":"working_paper","keyword":["risk-taking channel","competition","concentration","bank soundness","European banking"],"publisher":"Paderborn University","jel":["E43","E44","E52","G01","G28"],"department":[{"_id":"186"},{"_id":"188"}]}