Bank Competition and Risk-Taking Under Market Integration

The authors thank Victoria Ivashina (the editor) and anonymous reviewers for insightful comments that helped improve the paper; Panos Avramidis, Albert Banal-Estañol, Joydeep Bhattacharya, Sourav Bhattacharya, Subhayu Bandyopadhyay, Eric Bond, Daniel Chiquiar, Elior Cohen, George Fortier, Sayantan Ghosal, Fausto Hernández, Kara McKeever, Uday Rajan, Prabal Roy Chowdhury, Mario Samano, Kostas Serfes, Tiago Tavares, seminar participants at Drexel University, Federal Reserve Bank of Kansas City, Indian Institute of Management (Kolkata), Instituto Tecnológico Autónomo de México, Iowa State University, and University of Bath, and many conference audiences for helpful discussions and comments; and Jacob Dice and Fei Xue for excellent research assistance. The views expressed in this paper are those of the authors and do not necessarily represent those of the Federal Reserve Bank of Kansas City or the Federal Reserve System. All errors and omissions are our own.