Why regulate banks?

Alfred Duncan

No 373603, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: Banks hold an important position in modern economies as their products play a vital role in the everyday activities of households and firms. An efficient banking sector reduces the costs of trading goods and services: both across time (by providing deposit, investment and lending products) and at any point in time (by providing payment services). In this first of two articles, Alfred Duncan explores the benefits and costs of bank regulation.

Date: 2012-07-01
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcrt:373603

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