Competition in the financial sector [[electronic resource] ] : overview of competition policies / / Stijn Claessens

• Autore: Claessens Stijn
• Pubblicazione: [Washington, D.C.], : International Monetary Fund, 2009
• Descrizione fisica: 1 online resource (37 p.)
• Soggetto topico: Competition; Finance
• Soggetto genere / forma: Electronic books.
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: 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; Internationalization ; D. 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
• Sommario/riassunto: As 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
• Titolo autorizzato: Competition in the financial sector
• ISBN: 1-4623-7797-1; 1-4527-6521-9; 1-282-84267-6; 1-4518-7193-7; 9786612842672
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910464232503321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/09/45.