Competition and Stability in Banking - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Competition and Stability in Banking write by Xavier Vives. This book was released on 2020-11-03. Competition and Stability in Banking available in PDF, EPUB and Kindle. A distinguished economist examines competition, regulation, and stability in today's global banks Does too much competition in banking hurt society? What policies can best protect and stabilize banking without stifling it? Institutional responses to such questions have evolved over time, from interventionist regulatory control after the Great Depression to the liberalization policies that started in the United States in the 1970s. The global financial crisis of 2007–2009, which originated from an oversupply of credit, once again raised questions about excessive banking competition and what should be done about it. Competition and Stability in Banking addresses the critical relationships between competition, regulation, and stability, and the implications of coordinating banking regulations with competition policies. Xavier Vives argues that while competition is not responsible for fragility in banking, there are trade-offs between competition and stability. Well-designed regulations would alleviate these trade-offs but not eliminate them, and the specificity of competition in banking should be accounted for. Vives argues that regulation and competition policy should be coordinated, with tighter prudential requirements in more competitive situations, but he also shows that supervisory and competition authorities should stand separate from each other, each pursuing its own objective. Vives reviews the theory and empirics of banking competition, drawing on up-to-date analysis that incorporates the characteristics of modern market-based banking, and he looks at regulation, competition policies, and crisis interventions in Europe and the United States, as well as in emerging economies. Focusing on why banking competition policies are necessary, Competition and Stability in Banking examines regulation's impact on the industry's efficiency and effectiveness.
Handbook of Competition in Banking and Finance
Handbook of Competition in Banking and Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Handbook of Competition in Banking and Finance write by Jacob A. Bikker. This book was released on 2017-09-29. Handbook of Competition in Banking and Finance available in PDF, EPUB and Kindle. For academics, regulators and policymaker alike, it is crucial to measure financial sector competition by means of reliable, well-established methods. However, this is easier said than done. The goal of this Handbook is to provide a collection of state-of-the-art chapters to address this issue. The book consists of four parts, the first of which discusses the characteristics of various measures of financial sector competition. The second part includes several empirical studies on the level of, and trends in, competition across countries. The third part deals with the spillovers of market power to other sectors and the economy as a whole. Finally, the fourth part considers competition in banking submarkets and subsectors.
Competition and Finance
Competition and Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Competition and Finance write by Kevin Dowd. This book was released on 1996-09-04. Competition and Finance available in PDF, EPUB and Kindle. Competition and Finance offers a new, unified treatment of the fields of financial and monetary economics. The first part integrates recent developments in agency theory and information economics into a unified financial theory of the firm. A review of recent developments in the economics of banking and then monetary economics leads to a conclusion assessing present-day systems of central banking and proposing financial and monetary reform.
Competition Law and Financial Services
Competition Law and Financial Services - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Competition Law and Financial Services write by David Harrison. This book was released on 2014-03-14. Competition Law and Financial Services available in PDF, EPUB and Kindle. Competition law underpins the market economy by prohibiting anti-competitive agreements and practices, and the abuse of dominant positions in the market. Until the financial crisis it was widely assumed that the financial services industry was highly competitive. This book explores the extent to which this is the case. By analysing crisis and pre-crisis competition law cases and examples from the UK, the EU and around the world, David Harrison asks whether there exists good reason for financial services to be treated differently from the rest of the market economy. The theory of market efficiency is not borne out in practice. He particularly draws upon John Maynard Keynes in examining the differences between price mechanisms in product markets for "normal" goods, and price mechanisms in financial and investment markets where expectations of the future tend to play a greater role, leading to greater price fluctuations. In this evaluation, the book examines aspects of the practical functioning of capital markets such as the phenomenon of herding behaviour by financial participants, how short-term behaviour by intermediaries can be to the disadvantage of savers and productive investment, the relationship between investment markets and product markets and the extent to which the same competition rules apply to undertakings involved in both. The book will be invaluable to students, researchers and practitioners of banking and finance law, and commercial and competition law. .
Bank Competition and Financial Stability
Bank Competition and Financial Stability - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Bank Competition and Financial Stability write by OECD. This book was released on 2011-10-05. Bank Competition and Financial Stability available in PDF, EPUB and Kindle. This report examines the interplay between banking competition and financial stability, taking into account the experiences in the recent global crisis and the policy response to it. The report has been prepared by members of the Directorate of ...
