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2016 | nr 2 (63) | 21--49
Tytuł artykułu

Wpływ struktury rynku i wielkości banków na stabilność sektorów bankowych UE

Warianty tytułu
The Impact of the Market Structure and Size of the Banks on Financial Stability of EU
Języki publikacji
Celem niniejszego opracowania jest przedstawienie roli struktury rynku i konkurencji w krajach UE i określenie jej wpływu na stabilność sektorów bankowych wszystkich państw należących do Unii Europejskiej (UE-27). Wyniki empiryczne, oparte na analizie danych panelowych z wykorzystaniem estymatora GMM, pokazały, że sektory bankowe poszczególnych państw UE-27 nie są jednorodne. Wykazano asymetrię pomiędzy wynikami dla sektorów bankowych tzw. starej unii (UE-15) i tzw. nowej unii (UE-12). Uzyskano różne wyniki dotyczące wpływu konkurencji i wielkości banku na stabilność finansową dla UE-15 (dużych sektorów bankowych) niż dla UE-12 (małych sektorów bankowych). Czynnikiem mającym pozytywny wpływ na stabilność w sektorach bankowych UE-15 jest konkurencja, podczas gdy w sektorach bankowych UE-12 czynnikiem tym jest siła rynkowa. Wykazano jednak, że wielkość sektora bankowego, szacowana jako udział aktywów w PKB, ma negatywny wpływ na stabilność sektorów bankowych zarówno w UE-15, jak i UE-12. Ponadto stwierdzono, że zdolność do spłacania kredytów jest procykliczna szczególnie w UE-12. (abstrakt oryginalny)
The aim of this paper is to present the role of market structure and competitive framework for sound European Union (EU) banking sector, with particular emphasis on the change in basic concentration and competition, in an attempt to determine the relationship between size, competition and risk-taking by European Union banks. The empirical results based on panel data analysis using GMM indicate that banking sectors with EU-27 are not homogeneous and show asymmetry between performance of EU-15 and EU-12 banking sectors. In fact, different results concerning the impact of competition and bank size on financial stability for EU-15 banks (i.e., large banking sectors) and for EU-12 (i.e., small banking sectors) have been obtained. Competition is a factor having a positive impact on stability in the banking sectors of the EU-15, whereas in the banking sectors of EU-12 this factor is market power. Generally, it has been found that the size of the banking sector, estimated as the share of assets in GDP, has a negative impact on the stability of the banking sectors in both: EU-15 and EU-12. In addition, it has been found that the ability to repay loans is procyclical, especially in EU-12. (original abstract)
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