Competition in the changing world of banking
X Vives - Oxford review of economic policy, 2001 - academic.oup.com
Oxford review of economic policy, 2001•academic.oup.com
This paper reviews the role of competition in banking against the background of a
transforming sector. It uses industrial organization and modern financial intermediation
analysis to study the relationships between the level of competition, risk‐taking incentives,
and the regulatory frame. The consequences for market structure of the liberalization
process and the need for competition policy in the sector are high‐lighted.
transforming sector. It uses industrial organization and modern financial intermediation
analysis to study the relationships between the level of competition, risk‐taking incentives,
and the regulatory frame. The consequences for market structure of the liberalization
process and the need for competition policy in the sector are high‐lighted.
Abstract
This paper reviews the role of competition in banking against the background of a transforming sector. It uses industrial organization and modern financial intermediation analysis to study the relationships between the level of competition, risk‐taking incentives, and the regulatory frame. The consequences for market structure of the liberalization process and the need for competition policy in the sector are high‐lighted.
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