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010   $a1-4518-7193-7
010   $a9786612842672
035   $a(CKB)3170000000055213
035   $a(EBL)1608203
035   $a(SSID)ssj0000940093
035   $a(PQKBManifestationID)11571943
035   $a(PQKBTitleCode)TC0000940093
035   $a(PQKBWorkID)10946573
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035   $a(OCoLC)469135387
035   $a(MiAaPQ)EBC1608203
035   $a(EXLCZ)993170000000055213
100   $a20100902d2009      uf             0
101 0 $aeng
181   $ctxt
182   $cc
183   $acr
200 10$aCompetition in the financial sector$b[electronic resource] $eoverview of competition policies /$fStijn Claessens
210   $a[Washington, D.C.] $cInternational Monetary Fund$d2009
215   $a1 online resource (37 p.)
225 1 $aIMF working paper ;$vWP/09/45
300   $aDescription based upon print version of record.
311   $a1-4519-1628-0 
320   $aIncludes bibliographical references.
327   $aContents; 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; Internationalization
327   $aD. 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 World
330   $aAs in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests, however, that unfettered competition is not first best given the special features of finance. I review these analytics and describe how to assess the degree of competition in markets for financial services. Existing research shows that the degree of competition greatly varies across markets, largely driven by barriers to entry and exit. I argue that changes in financial services industries require updated competition policies and institutional arrangements, but that practices
410  0$aIMF working paper ;$vWP/09/45.
606   $aCompetition
606   $aFinance
608   $aElectronic books.
615  0$aCompetition.
615  0$aFinance.
700   $aClaessens$b Stijn$0282431
712 02$aInternational Monetary Fund.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910464232503321
996   $aCompetition in the financial sector$92110735
997   $aUNINA