{"id":"https://openalex.org/W3088656754","doi":"https://doi.org/10.5089/9781451872521.001","title":"Financial Intermediation, Competition, and Risk","display_name":"Financial Intermediation, Competition, and Risk","publication_year":2009,"publication_date":"2009-05-01","ids":{"openalex":"https://openalex.org/W3088656754","doi":"https://doi.org/10.5089/9781451872521.001","mag":"3088656754"},"language":"en","primary_location":{"id":"doi:10.5089/9781451872521.001","doi":"https://doi.org/10.5089/9781451872521.001","is_oa":true,"landing_page_url":"https://doi.org/10.5089/9781451872521.001","pdf_url":"https://www.elibrary.imf.org/downloadpdf/journals/001/2009/105/001.2009.issue-105-en.xml","source":{"id":"https://openalex.org/S4210171147","display_name":"IMF Working Paper","issn_l":"1018-5941","issn":["1018-5941","2227-8885"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310316166","host_organization_name":"International Monetary Fund","host_organization_lineage":["https://openalex.org/P4310316166","https://openalex.org/P4310321776"],"host_organization_lineage_names":["International Monetary Fund","United Nations"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IMF Working Papers","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://www.elibrary.imf.org/downloadpdf/journals/001/2009/105/001.2009.issue-105-en.xml","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5068698189","display_name":"Gianni De Nicol\u00f2","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I119439378","display_name":"University of Verona","ror":"https://ror.org/039bp8j42","country_code":"IT","type":"education","lineage":["https://openalex.org/I119439378"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Gianni De Nicolo","raw_affiliation_strings":["IMF Research Department; Marcella Lucchetta, Universit\u00e0 di Verona, Dipartimento di Scienze Economiche"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"IMF Research Department; Marcella Lucchetta, Universit\u00e0 di Verona, Dipartimento di Scienze Economiche","institution_ids":["https://openalex.org/I119439378"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5026138686","display_name":"Marcella Lucchetta","orcid":"https://orcid.org/0000-0002-7253-8104","observed_orcids":["https://orcid.org/0000-0002-7253-8104"]},"institutions":[{"id":"https://openalex.org/I119439378","display_name":"University of Verona","ror":"https://ror.org/039bp8j42","country_code":"IT","type":"education","lineage":["https://openalex.org/I119439378"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Marcella Lucchetta","raw_affiliation_strings":["IMF Research Department; Marcella Lucchetta, Universit\u00e0 di Verona, Dipartimento di Scienze Economiche"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"IMF Research Department; Marcella Lucchetta, Universit\u00e0 di Verona, Dipartimento di Scienze Economiche","institution_ids":["https://openalex.org/I119439378"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I119439378"],"apc_list":null,"apc_paid":null,"fwci":3.2022,"has_fulltext":true,"cited_by_count":23,"citation_normalized_percentile":{"value":0.93312486,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"2009","issue":"105","first_page":"1","last_page":"1"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9384999871253967,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9384999871253967,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.05829999968409538,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-intermediation","display_name":"financial intermediation","score":0.9470000267028809},{"id":"https://openalex.org/keywords/bank-competition","display_name":"bank competition","score":0.9829999804496765},{"id":"https://openalex.org/keywords/moral-hazard","display_name":"moral hazard","score":0.8629999756813049},{"id":"https://openalex.org/keywords/bank-capital-ratios","display_name":"bank capital ratios","score":0.6430000066757202},{"id":"https://openalex.org/keywords/systemic-risk","display_name":"systemic risk","score":0.8640000224113464},{"id":"https://openalex.org/keywords/bank-market-power","display_name":"bank market power","score":0.5370000004768372},{"id":"https://openalex.org/keywords/pareto-optimality","display_name":"Pareto optimality","score":0.7039999961853027},{"id":"https://openalex.org/keywords/second-best-allocation","display_name":"second-best allocation","score":0.6710000038146973},{"id":"https://openalex.org/keywords/financial-policy","display_name":"financial policy","score":0.4779999852180481},{"id":"https://openalex.org/keywords/general-equilibrium-model","display_name":"general equilibrium model","score":0.5360000133514404}],"concepts":[{"id":"https://openalex.org/C103382277","wikidata":"https://www.wikidata.org/wiki/Q282640","display_name":"General equilibrium theory","level":2,"score":0.7310484647750854},{"id":"https://openalex.org/C2780202544","wikidata":"https://www.wikidata.org/wiki/Q44454","display_name":"Moral hazard","level":3,"score":0.7103201150894165},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6516185998916626},{"id":"https://openalex.org/C91306197","wikidata":"https://www.wikidata.org/wiki/Q45767","display_name":"Competition (biology)","level":2,"score":0.5938478112220764},{"id":"https://openalex.org/C65146658","wikidata":"https://www.wikidata.org/wiki/Q1416431","display_name":"Financial intermediary","level":2,"score":0.5848816633224487},{"id":"https://openalex.org/C2779137862","wikidata":"https://www.wikidata.org/wiki/Q425951","display_name":"Capitalization","level":2,"score":0.5719066858291626},{"id":"https://openalex.org/C165404738","wikidata":"https://www.wikidata.org/wiki/Q3052487","display_name":"Partial equilibrium","level":3,"score":0.5703446269035339},{"id":"https://openalex.org/C144587487","wikidata":"https://www.wikidata.org/wiki/Q1369234","display_name":"Systemic risk","level":3,"score":0.4962955117225647},{"id":"https://openalex.org/C2777764128","wikidata":"https://www.wikidata.org/wiki/Q189539","display_name":"Loan","level":2,"score":0.4911365211009979},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.4880136549472809},{"id":"https://openalex.org/C106866004","wikidata":"https://www.wikidata.org/wiki/Q264259","display_name":"Economic rent","level":2,"score":0.4870341420173645},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.48035773634910583},{"id":"https://openalex.org/C138142054","wikidata":"https://www.wikidata.org/wiki/Q5035692","display_name":"Capital allocation line","level":3,"score":0.45979732275009155},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2647615671157837},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.1855616271495819},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.1752541959285736},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.1410732865333557},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.5089/9781451872521.001","doi":"https://doi.org/10.5089/9781451872521.001","is_oa":true,"landing_page_url":"https://doi.org/10.5089/9781451872521.001","pdf_url":"https://www.elibrary.imf.org/downloadpdf/journals/001/2009/105/001.2009.issue-105-en.xml","source":{"id":"https://openalex.org/S4210171147","display_name":"IMF Working Paper","issn_l":"1018-5941","issn":["1018-5941","2227-8885"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310316166","host_organization_name":"International Monetary Fund","host_organization_lineage":["https://openalex.org/P4310316166","https://openalex.org/P4310321776"],"host_organization_lineage_names":["International Monetary Fund","United Nations"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IMF Working Papers","raw_type":"journal-article"},{"id":"mag:2753438846","doi":null,"is_oa":false,"landing_page_url":"https://www.elibrary.imf.org/doc/IMF001/10140-9781451872521/10140-9781451872521/Other_formats/Source_PDF/10140-9781451916829.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"doi:10.5089/9781451872521.001","doi":"https://doi.org/10.5089/9781451872521.001","is_oa":true,"landing_page_url":"https://doi.org/10.5089/9781451872521.001","pdf_url":"https://www.elibrary.imf.org/downloadpdf/journals/001/2009/105/001.2009.issue-105-en.xml","source":{"id":"https://openalex.org/S4210171147","display_name":"IMF Working Paper","issn_l":"1018-5941","issn":["1018-5941","2227-8885"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310316166","host_organization_name":"International Monetary Fund","host_organization_lineage":["https://openalex.org/P4310316166","https://openalex.org/P4310321776"],"host_organization_lineage_names":["International Monetary Fund","United Nations"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IMF Working Papers","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3088656754.pdf","grobid_xml":"https://content.openalex.org/works/W3088656754.grobid-xml"},"referenced_works_count":36,"referenced_works":["https://openalex.org/W1488449625","https://openalex.org/W1569833439","https://openalex.org/W1581255841","https://openalex.org/W1591099623","https://openalex.org/W1755645811","https://openalex.org/W1789573697","https://openalex.org/W1966827535","https://openalex.org/W1968303299","https://openalex.org/W1982876974","https://openalex.org/W2047582865","https://openalex.org/W2049915426","https://openalex.org/W2066310392","https://openalex.org/W2073479667","https://openalex.org/W2084894276","https://openalex.org/W2097694598","https://openalex.org/W2099584343","https://openalex.org/W2108089027","https://openalex.org/W2108491286","https://openalex.org/W2126250308","https://openalex.org/W2133650212","https://openalex.org/W2157509893","https://openalex.org/W2159096632","https://openalex.org/W2169508410","https://openalex.org/W2739606184","https://openalex.org/W2953607707","https://openalex.org/W2954551879","https://openalex.org/W3023540573","https://openalex.org/W3121140678","https://openalex.org/W3121193531","https://openalex.org/W3122263771","https://openalex.org/W3123141114","https://openalex.org/W3123183289","https://openalex.org/W3123190463","https://openalex.org/W3124451138","https://openalex.org/W3124982262","https://openalex.org/W6638251111"],"related_works":["https://openalex.org/W3121339163","https://openalex.org/W7098135531","https://openalex.org/W2558190088","https://openalex.org/W1800803661","https://openalex.org/W2621990466","https://openalex.org/W3123647772","https://openalex.org/W4395673590","https://openalex.org/W3122109512","https://openalex.org/W2066310392","https://openalex.org/W3206676143"],"abstract_inverted_index":{"We":[0,26],"study":[1],"a":[2,11,52,73,79],"simple":[3],"general":[4,95],"equilibrium":[5,96],"model":[6],"in":[7,10,33,82,111],"which":[8],"investment":[9],"risky":[12],"technology":[13],"is":[14],"subject":[15],"to":[16,98],"moral":[17],"hazard":[18],"and":[19,45,56,62,90],"banks":[20],"can":[21],"extract":[22],"market":[23],"power":[24],"rents.":[25],"show":[27],"that":[28,76],"more":[29,41],"bank":[30,38,60],"competition":[31,50],"results":[32,65],"lower":[34,37],"economy-wide":[35],"risk,":[36],"capital":[39],"ratios,":[40],"efficient":[42],"production":[43],"plans":[44],"Pareto-ranked":[46],"real":[47],"allocations.":[48],"Perfect":[49],"supports":[51],"second":[53],"best":[54],"allocation":[55],"optimal":[57,106],"levels":[58,107],"of":[59,94,108],"risk":[61,110],"capitalization.":[63],"These":[64],"are":[66,87],"at":[67,103],"variance":[68],"with":[69],"those":[70],"obtained":[71],"by":[72],"large":[74],"literature":[75],"has":[77],"studied":[78],"similar":[80],"environment":[81],"partial":[83],"equilibrium.":[84],"Importantly,":[85],"they":[86],"empirically":[88],"relevant,":[89],"demonstrate":[91],"the":[92,112],"need":[93],"modeling":[97],"design":[99],"financial":[100],"policies":[101],"aimed":[102],"attaining":[104],"socially":[105],"systemic":[109],"economy.":[113]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":3},{"year":2017,"cited_by_count":4},{"year":2015,"cited_by_count":3},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":2}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2020-10-01T00:00:00"}