Poder de Mercado Bancario y Crédito en Europa tras la Crisis Financiera Global

This paper examines the effects of the global financial crisis on bank competition and credit supply in Europe. Results obtained by applying a 2SLS procedure over a sample of 610 banks provide evidence of the negative effect of the crisis period on bank lending. However, this negative impact is moderated by the increase of bank market power since 2008. These relationships are especially relevant in the case of countries with lower levels of institutional quality, with higher stringency of regulation on bank capital and in countries with lower levels of restrictions on non-traditional banking activities.