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Bankenwettbewerb und die Stabilität von Finanzsektoren: Nur eine Frage der Messmethode?

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  • Richter Toni

    (Otto-von-Guericke-Universität MagdeburgFakultät für WirtschaftswissenschaftPostfach 4120, 39016MagdeburgDeutschland)

Abstract

Since the financial crisis of 2008 and intensified during the corona crisis, the interdependence between the stability of the financial systems and the prevailing degree of competition (DC) has been the subject of scientific and economic policy discourse on fragmented markets and „too-big-to-fail“ banks. In theory and empiricism, two fundamentally contrary causal concepts are opposed, the elementary basis of which is the precise measurement of the DC: Competition-stability- versus Fragility-Hypothesis. Based on the recent state of research, it can be shown that alternative DC-Measurements consistently show significantly different competitive conditions and in consequence the evidence for or against a stability-enhancing competitive effect seems to be predetermined by the chosen DC-Measurement.

Suggested Citation

  • Richter Toni, 2021. "Bankenwettbewerb und die Stabilität von Finanzsektoren: Nur eine Frage der Messmethode?," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 70(1), pages 1-36, May.
    • Handle: RePEc:lus:zwipol:v:70:y:2021:i:1:p:1-36:n:1
    DOI: 10.1515/zfwp-2021-2044
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    More about this item

    Keywords

    Banking competition; financial sectors; stabiliy; fragility; Lerner index; Bankenwettbewerb; Finanzsektoren; Stabilität; Fragilität; Lerner-Index;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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