Switching costs and financial stability

Rune Stenbacka, Tuomas Takalo

Forskningsoutput: TidskriftsbidragArtikelVetenskapligPeer review

2 Citeringar (Scopus)

Sammanfattning

We establish that the effect of intensified deposit market competition, measured by reduced switching costs, on the probability of bank failures depends critically on whether we focus on competition with established customer relationships or competition for the formation of such relationships. With inherited customer relationships, intensified competition due to lower switching costs destabilizes the banking market, whereas it stabilizes the market if we focus on competition for the formation of customer relationships. We characterize the factors important for evaluating the effects of intensified competition on stability in a market with unattached as well as locked-in depositors.
OriginalspråkEngelska
ArtikelnummerJFS 657
Referentgranskad vetenskaplig tidskriftJournal of Financial Stability
Volym41
Sidor (från-till)14-24
Antal sidor11
ISSN1572-3089
DOI
StatusPublicerad - 31.01.2019
MoE-publikationstypA1 Originalartikel i en vetenskaplig tidskrift

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