A model of competition and interbank network formation
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/16575 |
Resumo: | This work aims to understand the interaction between competition and network formation in the banking market. Combining Matutes and Padilla (1994) and Matutes and Vives (2000), we build a model of imperfect bank competition for deposits in which an interbank relationship network is a key strategic decision: it affects banks’ profit and risk position. The competition level exerts influence in the banking network structure since it affects the network outcomes. As result, we have that different competition levels imply different network topologies. Specifically, greater competition imply denser networks. Finally, when we allow for the possibility of collusion, the denser network can come out in the least competitive environment. |
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Duarte Filho, Marco AntônioEscolas::EESPBarbosa, Klênio2016-06-07T12:13:16Z2016-06-07T12:13:16Z2016-05-18DUARTE FILHO, Marco Antônio. A model of competition and interbank network formation. Dissertação (Mestrado em Economia de Empresas) - FGV - Fundação Getúlio Vargas, São Paulo, 2016.http://hdl.handle.net/10438/16575This work aims to understand the interaction between competition and network formation in the banking market. Combining Matutes and Padilla (1994) and Matutes and Vives (2000), we build a model of imperfect bank competition for deposits in which an interbank relationship network is a key strategic decision: it affects banks’ profit and risk position. The competition level exerts influence in the banking network structure since it affects the network outcomes. As result, we have that different competition levels imply different network topologies. Specifically, greater competition imply denser networks. Finally, when we allow for the possibility of collusion, the denser network can come out in the least competitive environment.Este trabalho tem como objetivo compreender a interação entre concorrência e formação de redes no mercado bancário. Combinando Matutes and Padilla (1994) e Matutes and Vives (2000), construímos um modelo de competição imperfeita por depósitos em que uma rede de relacionamento interbancário é uma decisão estratégica fundamental: ela afeta a posição de risco e o lucro dos bancos. O nível de concorrência exerce influência na estrutura da rede bancária, uma vez que afeta os efeitos da rede. Como resultado, temos que diferentes níveis de competição implicam diferentes topologias de rede. Especificamente, um maior nível de concorrência implica redes mais densas. Finalmente, quando permitimos a possibilidade de conluio, a rede mais densa é gerada em um ambiente de baixa competição.engCompetitionBankingNetworksEconomiaBancosConcorrênciaRedes sociaisProcesso decisórioA model of competition and interbank network formationinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINALmain_d.pdfmain_d.pdfapplication/pdf361109https://repositorio.fgv.br/bitstreams/c1b9cfcd-af50-4286-a3ec-ccf6eb8c734e/downloadd030345d151072e3b90a2b4692784531MD51LICENSElicense.txtlicense.txttext/plain; charset=utf-84707https://repositorio.fgv.br/bitstreams/0fc43e13-cf84-434d-b091-6eef2bd011f7/downloaddfb340242cced38a6cca06c627998fa1MD52TEXTmain_d.pdf.txtmain_d.pdf.txtExtracted 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dc.title.eng.fl_str_mv |
A model of competition and interbank network formation |
title |
A model of competition and interbank network formation |
spellingShingle |
A model of competition and interbank network formation Duarte Filho, Marco Antônio Competition Banking Networks Economia Bancos Concorrência Redes sociais Processo decisório |
title_short |
A model of competition and interbank network formation |
title_full |
A model of competition and interbank network formation |
title_fullStr |
A model of competition and interbank network formation |
title_full_unstemmed |
A model of competition and interbank network formation |
title_sort |
A model of competition and interbank network formation |
author |
Duarte Filho, Marco Antônio |
author_facet |
Duarte Filho, Marco Antônio |
author_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EESP |
dc.contributor.author.fl_str_mv |
Duarte Filho, Marco Antônio |
dc.contributor.advisor1.fl_str_mv |
Barbosa, Klênio |
contributor_str_mv |
Barbosa, Klênio |
dc.subject.eng.fl_str_mv |
Competition Banking Networks |
topic |
Competition Banking Networks Economia Bancos Concorrência Redes sociais Processo decisório |
dc.subject.area.por.fl_str_mv |
Economia |
dc.subject.bibliodata.por.fl_str_mv |
Bancos Concorrência Redes sociais Processo decisório |
description |
This work aims to understand the interaction between competition and network formation in the banking market. Combining Matutes and Padilla (1994) and Matutes and Vives (2000), we build a model of imperfect bank competition for deposits in which an interbank relationship network is a key strategic decision: it affects banks’ profit and risk position. The competition level exerts influence in the banking network structure since it affects the network outcomes. As result, we have that different competition levels imply different network topologies. Specifically, greater competition imply denser networks. Finally, when we allow for the possibility of collusion, the denser network can come out in the least competitive environment. |
publishDate |
2016 |
dc.date.accessioned.fl_str_mv |
2016-06-07T12:13:16Z |
dc.date.available.fl_str_mv |
2016-06-07T12:13:16Z |
dc.date.issued.fl_str_mv |
2016-05-18 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.citation.fl_str_mv |
DUARTE FILHO, Marco Antônio. A model of competition and interbank network formation. Dissertação (Mestrado em Economia de Empresas) - FGV - Fundação Getúlio Vargas, São Paulo, 2016. |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10438/16575 |
identifier_str_mv |
DUARTE FILHO, Marco Antônio. A model of competition and interbank network formation. Dissertação (Mestrado em Economia de Empresas) - FGV - Fundação Getúlio Vargas, São Paulo, 2016. |
url |
http://hdl.handle.net/10438/16575 |
dc.language.iso.fl_str_mv |
eng |
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eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
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