Comparing financial systems.

By Bert Scholtens. 2000

844 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/1822fb0e2a62124f4959e362e9d0c4c12c42feaf

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Citations in the corpus

The relationship between banking market competition and risk-taking: Do size and capitalization matter? (2012, background): “, 2000; Allen and Gale, 2004). Others defend the contrary by stating that crises are less likely to happen in competitive banking systems (Beck et al., 2006; Boyd and Nicoló, 2005). Motivated by the process of deregulation and consolidation that financial sectors around the world have been facing la”
The Euro Area Financial System: Structure, Integration and Policy Initiatives (2003, result): “These findings are consistent with the traditional distinction that characterise continental European and Japanese financial systems as " bank-based " , and the U.S. system as more " market-based " (see, for example, Allen and Gale 2000).”
Regulations, competition and bank risk-taking in transition countries (2008, background): “Allen and Gale (2004) focus on the tradeoff between competition and stability, and show that it is complex and multi-faceted as such a trade-off does not necessarily exists in all cases. Boyd and De Nicolo (2005) review the literature and describe the existing evidence as mixed.”
Competition in Banking: A Review of the Literature (2004, background): “5 Allen and Gale (2000) exploit this particular characteristic of the banking sector to show how two large banks with branch networks can provide a more competitive outcome than a large number of small banks without branches (a unitary banking system).”
Bank Competition and Financial Stability: Much Ado About Nothing? (2015, unknown): “In addition, in competitive systems the incentives of banks to properly screen borrowers are reduced, which again contributes to system fragility (Allen and Gale, 2000; Allen and Gale, 2004; Boot and Thakor, 1993).”
Law, Finance, and Economic Growth in China (2005, unknown): “, McMillan, 1995, 1997; Allen and Gale, 2000b). What we see from the success of Private Sector firms in WenZhou and other surveyed firms suggests that it is only those firms that have the strongest comparative advantage in an industry (of the area) that survive and thrive. DLLS (2002) examine entry ”
One Share - One Vote: The Theory (2007, background): “As the e¤ectiveness of these mechanisms varies across rms and countries, the importance and prevalence of active owners and takeovers depends on the respective governance system (Allen and Gale, 2000). cially optimal control allocation in some instances but not in others.”
Funding growth in bank-based and market-based financial systems: evidence from firm-level data (2002, unknown): “For example, as explored by Allen and Gale (1999), banks and stock markets may have a comparative advantage in selecting different types of investment projects.”
Building Relationships Early: Banks in Venture Capital (2008, background): “Banks are the dominant financial institution in most countries [see Allen and Gale (2000)].”