03156nam 2200589Ia 450 991046423250332120190228192950.01-4623-7797-11-4527-6521-91-282-84267-61-4518-7193-79786612842672(CKB)3170000000055213(EBL)1608203(SSID)ssj0000940093(PQKBManifestationID)11571943(PQKBTitleCode)TC0000940093(PQKBWorkID)10946573(PQKB)10407436(OCoLC)469135387(MiAaPQ)EBC1608203(EXLCZ)99317000000005521320100902d2009 uf 0engtxtccrCompetition in the financial sector[electronic resource] overview of competition policies /Stijn Claessens[Washington, D.C.] International Monetary Fund20091 online resource (37 p.)IMF working paper ;WP/09/45Description based upon print version of record.1-4519-1628-0 Includes bibliographical references.Contents; I. Introduction; II. Nature and Status of Financial Sector Competition; A. Effects of Competition in the Financial Sector: Theory; Development and Efficiency, Static and Dynamic; Access to Financial Services; Stability; B. The Determinants of Competition and Assessing Competition: Theory and Empirics; Theory of the Determinants of Competition; Empirical Approaches to Measure Competition; The Pazar and Rosse Methodology; C. Empirical Approaches to Explain Competition; Other Empirical Regularities; Country and Regional Studies; Cross-country Studies; InternationalizationD. Tools to Analyze E. Current Status; III. Implication for Competition Policy in the Financial Sector; A. Approaches; B. Institutional Arrangements; IV. Conclusion; References; Tables; 1. PR-Measures (H-statistics) of Competitiveness of Banking Systems Around the WorldAs in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests, however, that unfettered competition is not first best given the special features of finance. I review these analytics and describe how to assess the degree of competition in markets for financial services. Existing research shows that the degree of competition greatly varies across markets, largely driven by barriers to entry and exit. I argue that changes in financial services industries require updated competition policies and institutional arrangements, but that practicesIMF working paper ;WP/09/45.CompetitionFinanceElectronic books.Competition.Finance.Claessens Stijn282431International Monetary Fund.MiAaPQMiAaPQMiAaPQBOOK9910464232503321Competition in the financial sector2110735UNINA