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Muñoz Mendoza, J. A., Sepúlveda Yelpo, S. M., Veloso Ramos, C. L., & Delgado Fuentealba, C. L. (2020). Concentración de mercado y diversificación de ingresos: ¿siempre promueven la estabilidad financiera de la industria bancaria?. Revista Finanzas Y Política Económica, 12(2), 341–365. https://doi.org/10.14718/revfinanzpolitecon.v12.n2.2020.3270
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Resumen

En este artículo se analizan los efectos de la concentración de mercado y diversificación de ingresos sobre
la estabilidad financiera de la banca en el ámbito mundial. Usamos el estimador GMM de Arellano y Bover (1995) para una muestra de 206 países entre 1994 y 2015. Los resultados demuestran que la concentración de mercado y la diversificación de ingresos tienen un efecto positivo y no lineal sobre la estabilidad financiera; y negativo y no lineal sobre el riesgo. La no linealidad sugiere que sus efectos se reversan cuando
la industria bancaria tiene una elevada concentración y diversificación, observándose una industria menos estable y más riesgosa. La no linealidad establece valores umbrales que son relevantes para el diseño óptimo de políticas financieras y estrategias bancarias.

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