BazEkon - Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie

BazEkon home page

Meny główne

Autor
Wójcicka Karolina (Warsaw School of Economics)
Tytuł
The Relationship Between Concentration of the Banking Sector in Poland and its Soundness
Źródło
e-Finanse, 2016, vol. 12, nr 4, s. 43-57, rys., tab., bibliogr. s. 56-57
Słowa kluczowe
Sektor bankowy, Stabilność finansowa, Struktura własnościowa, Kapitał zagraniczny
Banking sector, Financial sustainability, Ownership structure, Foreign capital
Uwagi
summ.
Abstrakt
Each year assets of the banking sector in Poland increase and thereby its significance in the real economy increases as well. At the same time, the ongoing consolidation process and changes in the ownership structure cause the Polish banking sector to play a substantial role not only on the local financial market, but on the European market as well and Polish banks are becoming more and more significant entities in their international banking groups (both in Europe and worldwide). However, the perspective of concentration increase and restriction of the Polish banking sector to a few operating banks (dominated by entities with foreign capital) is a source of distress in the context of its soundness - and due to its significance in the Polish economy - to the whole financial sector and real economy. The main goal of this article is to analyse the changes of concentration in the banking sector in Poland, including the ownership concentration, while attempting to determine its soundness (using the financial stability ratios method). The purpose of the study is also to prove a thesis that limited concentration with diversification of the ownership structure and its limited concentration favours thesoundness of a banking system. The study was carried out on the basis of an analysis of literature (both Polish and English) and comparative analysis (of the concentration of the Polish banking sector against other European countries). Qualitative analysis was complemented with quantitative research, based on analysis of statistical data. (original abstract)
Pełny tekst
Pokaż
Bibliografia
Pokaż
  1. Allen, F., Beck, T., Carleffi, E., Lane, P.R., Schoenmaker, D., Wagner, W. (2011). Cross-Border Banking in Europe: Implications for Financial Stability and Macroeconomic Policies. London: Centre for Economic Policy Research.
  2. Beck, T. (2008). Bank Competition and Financial Stability: Friends or Foes?. World Bank Policy Research Working Paper No. 4656.
  3. Beck, T., Demi^ę-Kunt, A., Levine, R. (2003). Bank Concentration and Crises. NBER working paper series, Working Paper no. 9921, 1-43. Retrieved from http://www.nber.org/papers/w9921.pdf.
  4. Ben Ali, M.S., Intissar, T., Zeitun, R. Banking Concentration and Financial Stability: Evidence from Developed and Developing Countries. Economics Discussion Papers, No 2015-22, Kiel Institute for the World Economy. Retrieved from http://www.economics-ejournal.org/economics/discussionpapers/2015-22.
  5. Berger, A.N., Klapper, L.F., Turk-Ariss, R., Bank Competition and Financial Stability, World Bank. Policy Research Working Paper 4696. Retrieved from: http://documents.worldbank.org/curated/en/121111468339560931/pdf/WPS4696. pdf.
  6. Bird, M. (2015). Even a Bailout Deal Can't Revive Greece's Shattered Banking System. Retrieved from http:// uk.businessinsider.com/a-greek- bailout-deal-cant-help-greek-banks-2015-7.
  7. Boyd, J.H., De, Nicoló G. (2005). The Theory of Bank Risk-Taking and Competition Revisited. Journal of Finance 60(3), 1329-1343.
  8. Cooperation agreement on cross-border financial stability, crisis management and resolution between relevant Ministries, Central Banks and Financial Supervisory Authorities of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. (17.08.2010). Retrieved from http://www.riksbank.se/Upload/Dokument_riksbank/Kat_ AFS/2010/8a37263c.pdf.
  9. Craig, B.R., Dinger, V. (2010). Deposit Market Competition, Wholesale Funding, and Bank Risk. European Banking Center Discussion Paper, No. 210- 17S, 1-34.
  10. Davis, K. (2007, August). Banking Concentration, Financial Stability and Public Policy. Paper presented at the Conference on The Structure and Resilience of the Financial System, Sydney, Australia.
  11. De Nederlandsche Bank (2015). Perspective on the Structure of the Dutch Banking Sector, 1-64. Retrieved from http:// www.dnb.nl/en/binaries/DNB-study%20Perspective%20on%20the%20 structure%20of%20the%20Dutch%20 banking %20sector_tcm47-323322.pdf.
  12. European Central Bank (2014). Banking Structures Report, 1-63.
  13. European Commission (2015). Greece - request for stability support in the form of an ESM loanAssessment of: a) the existence of a risk to the financial stability of the euro area; b) whether public debt is sustainable. c) the actual or potential financing needs. (in compliance with Art 13 of ESM Treaty).
  14. Galbis, V. (1994). Sequencing of Financial Sector Reforms: A Review. IMF Working Paper WP/94/101, 1-32.
  15. Gozdek, M., Kawalec, S. (2012, August). Raport dotyczący optymalnej struktury polskiego systemu bankowego w średnim okresie. Paper presented at National Bank of Poland's Seminar on Bank Ownership Structure in Poland, Warsaw, Poland.
  16. Heimeshoff, U., Uhde, A. (2008). Consolidation in Banking and Financial Stability in Europe. The Case of Promoting Cross-border Bank Mergers. Retrieved from http://www.uni-graz.at/socialpolitik/papers/Uhde.pdf.
  17. Hills, B., Hoggarth, G. (2013). Cross-border Bank Credit and Global Financial Stability. Bank of England Quarterly Bulletin, 126-136.
  18. International Monetary Fund (2014). Albania. Financial System Stability Assessment. IMF Country Report No. 14/79, 1-95.
  19. International Monetary Fund (2013). Republic of Poland: Financial System Stability Assessment. IMF Country Report No. 13/221, 1-41.
  20. Iwanicz- Drozdowska, M. (2008). Bezpieczeństwo rynku usług finansowych. Warsaw: Oficyna Wydawnicza SGH.
  21. Kil, K. Poziom koncentracji a stabilność finansowa sektorów bankowych krajów Europy Środkowo-Wschodniej. Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego Ekonomika i Organizacja Gospodarki Żywnościowej, nr 110, 2015.
  22. Kindleberger, C.P. (1978). Manias, Panics and Crashes: A History of Financial Crisis. New York: Basic Books.
  23. Kornasiewicz, A., Pugacewicz-Kowalska, I. (2002). Znaczenie prywatyzacji dla rozwoju polskiego sektora bankowego. Retrieved from http://www.case-research.eu/upload/publikacja_plik /bre61_3.pdf.
  24. Koutsomanoli-Fillipaki, N., Staikouras, Ch. (2006). Competition and Concentration in the New European Banking Landscape. European Financial Management, Vol. 12, No. 3, 443-482.
  25. Kozak, S. (2013). Consolidation of the Banking Sector in Poland in 1989-2013 in Comparison with the Structural Changes of the Banking Sector in the USA and EU. NBP Working Paper, No. 166, 1-56.
  26. Labonte, M. (2015). Systemically Important or "Too Big to Fail" Financial Institutions. Congressional Research Service Report, 1-60. Retrieved from https://www.fas.org/sgp/crs/misc/R42150.pdf.
  27. Levine, R. (1996). Foreign Banks, Financial Development and Economic Growth. In C.E. Barfield (Ed.), International Financial Markets (pp. 224-254). Washington: AEI Press.
  28. Markiewicz, M. (2011, February). The Concentration and Competition in the Banking Sectors of the Baltic States in the Context of a Crisis. Paper presented at the Bremen University of Applied Sciences' Workshop: The Baltic States at Crossroads? Options and Strategies for Sustainable Economic Growth in the Aftermath of the Global Financial Crisis. Bremen, Germany.
  29. Meon, P-G.,Weill, L. (2003). Mergers in Europe Help Banks Hedge against Macroeconomic Risk?. LARGE Universite Robert Schuman, Papier No 59.
  30. Minsky, H. (1982). The Financial Instability Hypothesis: Capitalistic Processes and the Behavior of the Economy. In C.P. Kindleberger, J-P. Laffargue (Ed.), Financial Crises: Theory, History, and Policy, Cambridge: Cambridge University Press.
  31. Narodowy Bank Polski (2014). Rozwój systemu finansowego w Polsce w 2013 r., 1-354.
  32. Pawłowska, M. (2015). Changes in the Size and Structure of the European Union Banking Sector - the Role of Competition between Banks. NBP Working Paper, No. 205. 1- 38.
  33. Pawłowska, M. (2014a). Jak kształtowała się konkurencja w sektorze bankowym w Polsce i w Europie przed kryzysem i w okresie kryzysu. In E. Balcerowicz (Ed.), Zeszyty mBank - CASE, nr 134/2014, Warsaw: CASE - Centrum Analiz Społeczno-Ekonomicznych - Fundacja Naukowa.
  34. Pawłowska, M. (2014b). Konkurencja w sektorze bankowym. Warsaw: C. H. Beck.
  35. Pawłowska, M., Serwa, D., Zajączkowski, S. (2014). International Transmission of Liquidity Shocks between Parent Banks and their Affiliates: the Host Country Perspective. NBP Working paper, No. 172, 1-38.
  36. Polish Financial Supervision Authority (2013). Komunikat w sprawie koncentracji w rynku bankowym. Retrieved from https://www.knf.gov.pl/Images/KNF_koncentracja_na_rynku_ bankowym_13_06_2013_tcm75- 34800.pdf.
  37. Polish Financial Supervision Authority (2007-2015). Raport o sytuacji banków. Editions: 2007-2014.
  38. Schoenmaker, D., Wagner, W. (2011). The Impact of Cross-Border Banking on Financial Stability. Duisenberg School of Finance - Tinbergen Institute Discussion Paper. TI 11-054 / DSF 18, 1-30.
  39. Smaga, P. (2014). Pomiar stabilności finansowej i rola banku centralnego. Bezpieczny Bank, No 4(57), 28-53.
  40. Szczepańska, O. (2008). Stabilność finansowa jako cel banku centralnego. Warsaw: SCHOLAR.
  41. Tabak, B.M., Guerra, S.M., Lima, E.J.A., Chang, E.J. (2007). The Stability- Concentration Relationship in the Brazilian Banking System. Banco Central Do Brasil Working Paper, Np. 145, 1-30.
Cytowane przez
Pokaż
ISSN
1734-039X
Język
eng
URI / DOI
http://dx.doi.org/10.1515/fiqf-2016-0007
Udostępnij na Facebooku Udostępnij na Twitterze Udostępnij na Google+ Udostępnij na Pinterest Udostępnij na LinkedIn Wyślij znajomemu