05606oam 22012734 450 991096089130332120250426110056.0978661284267297814623779781462377971978145276521114527652199781282842670128284267697814518719371451871937(CKB)3170000000055213(EBL)1608203(SSID)ssj0000940093(PQKBManifestationID)11571943(PQKBTitleCode)TC0000940093(PQKBWorkID)10946573(PQKB)10407436(OCoLC)469135387(MiAaPQ)EBC1608203(IMF)WPIEE2009045(IMF)WPIEA2009045WPIEA2009045(EXLCZ)99317000000005521320020129d2009 uf 0engurcnu||||||||txtccrCompetition in the Financial Sector : Overview of Competition Policies /Stijn Claessens1st ed.Washington, D.C. :International Monetary Fund,2009.1 online resource (37 p.)IMF Working PapersDescription based upon print version of record.9781451916287 1451916280 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 practices still fall short. Furthermore, I show that developing countries face some specific competition challenges.IMF Working Papers; Working Paper ;No. 2009/045CompetitionFinanceBankingimfBanks and BankingimfBanks and bankingimfBanks and banking, ForeignimfBanksimfCommercial banksimfCompetitionimfDepository InstitutionsimfEconomic sectorsimfFinanceimfFinance: GeneralimfFinancial Institutions and Services: GeneralimfFinancial Institutions and Services: Government Policy and RegulationimfFinancial institutionsimfFinancial marketsimfFinancial sectorimfFinancial services industryimfFinancial servicesimfForeign banksimfGeneral Financial Markets: General (includes Measurement and Data)imfGeneral Financial Markets: Government Policy and RegulationimfIndustries: Financial ServicesimfMicro Finance InstitutionsimfMortgagesimfUnited StatesimfCompetition.Finance.BankingBanks and BankingBanks and bankingBanks and banking, ForeignBanksCommercial banksCompetitionDepository InstitutionsEconomic sectorsFinanceFinance: GeneralFinancial Institutions and Services: GeneralFinancial Institutions and Services: Government Policy and RegulationFinancial institutionsFinancial marketsFinancial sectorFinancial services industryFinancial servicesForeign banksGeneral Financial Markets: General (includes Measurement and Data)General Financial Markets: Government Policy and RegulationIndustries: Financial ServicesMicro Finance InstitutionsMortgages384.29134Claessens Stijn282431International Monetary Fund.DcWaIMFBOOK9910960891303321Competition in the Financial Sector4372407UNINA