存款竞争与金融脆弱性:来自美国银行业的证据

Chicago Booth Research Paper Series Pub Date : 2015-03-11 DOI:10.2139/ssrn.2642946

Mark L. Egan, Ali Hortaçsu, Gregor Matvos

{"title":"存款竞争与金融脆弱性:来自美国银行业的证据","authors":"Mark L. Egan, Ali Hortaçsu, Gregor Matvos","doi":"10.2139/ssrn.2642946","DOIUrl":null,"url":null,"abstract":"PRELIMINARY AND INCOMPLETE, PLEASE DO NOT CITE WITHOUT PERMISSION. We develop and estimate an empirical model of the U.S. banking sector using a new data set covering the largest U.S. banks over the period 2002-2013. Our model incorporates insured depositors and run-prone uninsured depositors who have rich preferences over dierentiated banks. Banks compete for deposits in the spirit of Matutes and Vives (1996) and can endogenously default. We estimate demand for uninsured","PeriodicalId":224732,"journal":{"name":"Chicago Booth Research Paper Series","volume":"38 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2015-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"236","resultStr":"{\"title\":\"Deposit Competition and Financial Fragility: Evidence from the US Banking Sector\",\"authors\":\"Mark L. Egan, Ali Hortaçsu, Gregor Matvos\",\"doi\":\"10.2139/ssrn.2642946\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"PRELIMINARY AND INCOMPLETE, PLEASE DO NOT CITE WITHOUT PERMISSION. We develop and estimate an empirical model of the U.S. banking sector using a new data set covering the largest U.S. banks over the period 2002-2013. Our model incorporates insured depositors and run-prone uninsured depositors who have rich preferences over dierentiated banks. Banks compete for deposits in the spirit of Matutes and Vives (1996) and can endogenously default. We estimate demand for uninsured\",\"PeriodicalId\":224732,\"journal\":{\"name\":\"Chicago Booth Research Paper Series\",\"volume\":\"38 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2015-03-11\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"236\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Chicago Booth Research Paper Series\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.2642946\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Chicago Booth Research Paper Series","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.2642946","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}

引用次数: 236

摘要

初步和不完整，未经允许请勿引用。我们使用涵盖2002-2013年期间美国最大银行的新数据集开发并估计了美国银行业的经验模型。我们的模型包括有保险的存款人和有挤兑倾向的无保险存款人，他们对差异化银行有丰富的偏好。银行在Matutes和Vives(1996)的精神下争夺存款，并可能发生内生违约。我们估计未投保人群的需求

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Deposit Competition and Financial Fragility: Evidence from the US Banking Sector

PRELIMINARY AND INCOMPLETE, PLEASE DO NOT CITE WITHOUT PERMISSION. We develop and estimate an empirical model of the U.S. banking sector using a new data set covering the largest U.S. banks over the period 2002-2013. Our model incorporates insured depositors and run-prone uninsured depositors who have rich preferences over dierentiated banks. Banks compete for deposits in the spirit of Matutes and Vives (1996) and can endogenously default. We estimate demand for uninsured

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Chicago Booth Research Paper Series

自引率

0.00%

发文量