An Overall Perspective on Banking Regulation

UPF, Economics and Business Working Paper No. 664

27 Pages Posted: 21 May 2003

See all articles by Xavier Freixas

Xavier Freixas

Universitat Pompeu Fabra; Centre for Economic Policy Research (CEPR); Barcelona Graduate School of Economics (Barcelona GSE)

Anthony M. Santomero

University of Pennsylvania - The Wharton School

Date Written: March 10, 2003

Abstract

This paper surveys the theory of banking regulation from the general perspective of regulatory theory. Starting by considering the different justifications of financial intermediation, we proceed to identify the market failures that make banking regulation necessary. We then turn to examine how the analysis of regulation compares in the domains of banking and industrial organization. Finally we analyse why a safety net for banks could be part of banking regulation and how it can be structured in an efficient way.

Keywords: Banking Regulation, survey, Financial Market imperfection

JEL Classification: G2

Suggested Citation

Freixas, Xavier and Santomero, Anthony M., An Overall Perspective on Banking Regulation (March 10, 2003). UPF, Economics and Business Working Paper No. 664. Available at SSRN: https://ssrn.com/abstract=387140 or http://dx.doi.org/10.2139/ssrn.387140

Xavier Freixas (Contact Author)

Universitat Pompeu Fabra ( email )

Ramon Trias Fargas 25-27
Barcelona, 08005
Spain
+34 93 542 2726 (Phone)
+34 93 542 1746 (Fax)

HOME PAGE: http://www.econ.upf.es/~freixas

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

HOME PAGE: http://www.econ.upf.es/~freixas/more/personal1.htm

Barcelona Graduate School of Economics (Barcelona GSE) ( email )

Ramon Trias Fargas, 25-27
Barcelona, Barcelona 08005
Spain

Anthony M. Santomero

University of Pennsylvania - The Wharton School

3641 Locust Walk
Philadelphia, PA 19104-6365
United States

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