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Competition and Stability in BankingM. F. M. CanoyUniversity of tilburg Machiel F. Van DijkCPB Netherlands Bureau of Economic Policy Analysis Jan J. G. LemmenRadboud University Nijmegen; CESifo (Center for Economic Studies and Ifo Institute for Economic Research) Ruud A. De MooijInternational Monetary Fund (IMF); CESifo (Center for Economic Studies and Ifo Institute for Economic Research); Oxford University Centre for Business Taxation Jürgen WeigandWissenschaftliche Hochschule fuer Unternehmensfuehrung (WHU) Koblenz December 2001 CPB Document No. 15 Abstract: More competition among banks typically enhances the welfare of consumers. However, it may also involve a threat to financial stability, that is of vital importance for the functioning of economies. This study reveals that many forms of competition do not endanger financial stability, however. For instance, intensified competition among incumbant banks usually has little impact on financial stability. Moreover, in cases where competition does affect financial stability, the latter might best be safeguarded by sound prudential regulation or good corporate governance.
Number of Pages in PDF File: 153 Keywords: Banks, competition, financial stability, government policy JEL Classification: G21, G28, G32, G38 working papers seriesDate posted: January 13, 2002Suggested CitationContact Information
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