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首页> 外文期刊>Journal of Financial Economic Policy >Does bank integration contribute to insolvencies and crises?
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Does bank integration contribute to insolvencies and crises?

机译：银行一体化是否有助于破产和危机？

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摘要

Purpose - This paper aims to construct a measure of integration among global banks and examine its impact on bank insolvencies and bank crises. Design/methodology/approach - The authors apply principal component analysis to measure a bank's degree of integration to the global banking market Moreover, they test whether bank integration affects bank insolvency risk, in which they treat the equity of individual banks as a call option. Findings - The authors find that the banking industry has become more globally integrated over the past two decades. At the individual bank level, results indicate that banks with higher integration levels have more assets, more nontraditional banking services and more interbank businesses. Overall, they find that a bank's integration level is negatively associated with insolvency risk, which suggests that greater integration with global markets diversifies a bank's risk. At the country level, banking systems with less integrated big banks, or more integrated smaller banks, are more stable and hence less likely to suffer a banking crisis. Originality/value - The authors construct a novel measure of integration among global banks and examine its impact on bank insolvencies and bank crises.
机译：目的 - 本文旨在构建全球银行之间集成的衡量标准，并审查其对银行破产和银行危机的影响。设计/方法/方法 - 提交人申请主成分分析以衡量银行对全球银行市场的一体化程度，他们测试了银行整合是否会影响银行破产风险，在此期间将个人银行的公平视为呼叫选项。调查结果 - 作者发现，过去二十年，银行业已成为更全球综合。在个人银行级别，结果表明，集成水平更高的银行有更多的资产，更多的非传统银行服务和更多的银行间业务。总体而言，他们发现银行的一体化水平与破产风险负面相关，这表明与全球市场的更大融合使银行的风险变得多样化。在国家一级，银行系统，较少集成的大银行，或更多综合的较小银行，更稳定，因此不太可能遭受银行业危机。原创性/价值 - 作者在全球银行之间建立了一项新的一体化衡量标准，并检查其对银行破产和银行危机的影响。

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