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The stability-concentration relationship in the Brazilian banking system

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Author Info
Chang, E.J.
Guerra, S.M.
Lima, E.J.A.
Tabak, B.M.

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Abstract

In this article, the relation between non-performing loans (NPL) of the Brazilian banking system and macroeconomic factors, systemic risk, and banking concentration is empirically tested. In evaluating this relation, we use a dynamic specification with fixed effects, while using a panel data approach. The empirical results suggest that the banking concentration has a statistically significant impact on NPL, suggesting that more concentrated banking systems may improve financial stability. These results are important for the design of banking regulation policies.

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Publisher Info
Article provided by Elsevier in its journal Journal of International Financial Markets, Institutions and Money.

Volume (Year): 18 (2008)
Issue (Month): 4 (October)
Pages: 388-397
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Handle: RePEc:eee:intfin:v:18:y:2008:i:4:p:388-397

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  7. Koskela, Erkki & Stenbacka, Rune, 2000. "Is there a tradeoff between bank competition and financial fragility?," Journal of Banking & Finance, Elsevier, vol. 24(12), pages 1853-1873, December. [Downloadable!] (restricted)
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  15. Pesola , Jarmo, 2005. "Banking fragility and distress: An econometric study of macroeconomic determinants," Research Discussion Papers 13/2005, Bank of Finland. [Downloadable!]
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