Competition in the Changing World of Banking
Xavier Vives
Oxford Review of Economic Policy, 2001, vol. 17, issue 4, 535-547
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. Copyright 2001, Oxford University Press.
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:oup:oxford:v:17:y:2001:i:4:p:535-547
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