Competition and stability in banking : the role of regulation and competition policy / Xavier Vives.
2016
HG1573 .V58 2016eb
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Title
Competition and stability in banking : the role of regulation and competition policy / Xavier Vives.
Author
Vives, Xavier, author.
ISBN
9781400880904 (electronic book)
9780691171791
9780691171791
Published
Princeton [New Jersey] : Princeton University Press, [2016]
Copyright
©2016
Language
English
Description
1 online resource (xx, 324 pages) : illustrations
Call Number
HG1573 .V58 2016eb
Dewey Decimal Classification
332.1
Summary
" Does too much competition in banking hurt society? What policies can best protect and stabilize banking without stifling it? Institutional responses to such questions have evolved over time, from interventionist regulatory control after the Great Depression to the liberalization policies that started in the United States in the 1970s. The global financial crisis of 2007-09, which originated from an oversupply of credit, once again raised questions about excessive banking competition and what should be done about it. Competition and Stability in Banking addresses the critical relationships between competition, regulation, and stability, and the implications of coordinating banking regulations with competition policies. Xavier Vives argues that while competition is not responsible for fragility in banking, there are trade-offs between competition and stability. Well-designed regulations would alleviate these trade-offs but not eliminate them, and the specificity of competition in banking should be accounted for. Vives argues that regulation and competition policy should be coordinated, with tighter prudential requirements in more competitive situations, but he also shows that supervisory and competition authorities should stand separate from each other, each pursuing its own objective. Vives reviews the theory and empirics of banking competition, drawing on up-to-date analysis that incorporates the characteristics of modern market-based banking, and he looks at regulation, competition policies, and crisis interventions in Europe, the United States, as well as emerging economies. Focusing on why banking competition policies are necessary, Competition and Stability in Banking examines regulation's effect on the industry's efficiency and effectiveness. "-- Provided by publisher.
Bibliography, etc. Note
Includes bibliographical references and index.
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Access limited to authorized users.
Source of Description
Description based on print version record.
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Competition and stability in banking.
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Table of Contents
Trends in banking
Fragility in banking and the role of regulation
Analysis of competition in banking: theory and empirics
Competition, regulation, and stability in banking: theory and evidence
Overview of competition policy practice
Competition policy, regulatory architecture, and public intervention in the crisis
Summary of findings and policy implications.
Fragility in banking and the role of regulation
Analysis of competition in banking: theory and empirics
Competition, regulation, and stability in banking: theory and evidence
Overview of competition policy practice
Competition policy, regulatory architecture, and public intervention in the crisis
Summary of findings and policy implications.