Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban AffairsPublisher:
ISBN:
Category : Banking law
Languages : en
Pages : 956
Book Description
Competition and Conditions in the Financial System
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban AffairsPublisher:
ISBN:
Category : Banking law
Languages : en
Pages : 956
Book Description
Competition and Conditions in the Financial System
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban AffairsPublisher:
ISBN:
Category : Banking law
Languages : en
Pages : 2447
Book Description
Competition and Conditions in the Financial System
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban AffairsPublisher:
ISBN:
Category : Banking law
Languages : en
Pages : 1544
Book Description
A New Measure of Competition in the Financial Industry
Author: Jacob BikkerPublisher: Routledge
ISBN: 1136013121
Category : Business & Economics
Languages : en
Pages : 229
Book Description
The 2008 credit crisis started with the failure of one large bank: Lehman Brothers. Since then the focus of both politicians and regulators has been on stabilising the economy and preventing future financial instability. At this juncture, we are at the last stage of future-proofing the financial sector by raising capital requirements and tightening financial regulation. Now the policy agenda needs to concentrate on transforming the banking sector into an engine for growth. Reviving competition in the banking sector after the state interventions of the past years is a key step in this process. This book introduces and explains a relatively new concept in competition measurement: the performance-conduct-structure (PCS) indicator. The key idea behind this measure is that a firm’s efficiency is more highly rewarded in terms of market share and profit, the stronger competitive pressure is. The book begins by explaining the financial market’s fundamental obstacles to competition presenting a brief survey of the complex relationship between financial stability and competition. The theoretical contributions of Hay and Liu and Boone provide the theoretical underpinning for the PCS indicator, while its application to banking and insurance illustrates its empirical qualities. Finally, this book presents a systematic comparison between the results of this approach and (all) existing methods as applied to 46 countries, over the same sample period. This book presents a comprehensive overview of the knowns and unknowns of financial sector competition for commercial and central bankers, policy-makers, supervisors and academics alike.
Competition and Conditions in the Financial System
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban AffairsPublisher:
ISBN:
Category : Banking law
Languages : en
Pages : 2447
Book Description
Competition Vs. Stability: Oligopolistic Banking System with Run Risk
Author: Mr. Damien CapellePublisher: International Monetary Fund
ISBN: 1513582313
Category : Business & Economics
Languages : en
Pages : 74
Book Description
This paper develops a model where large financial intermediaries subject to systemic runs internalize the effect of their leverage on aggregate risk, returns and asset prices. Near the steady-state, they restrict leverage to avoid the risk of a run which gives rise to an accelerator effect. For large adverse shocks, the system enters a zone with high leverage and possibly runs. The length of time the system remains in this zone depends on the degree of concentration through a franchise value, price-drop and recapitalization channels. The speed of entry of new banks after a collapse has a stabilizing effect.
Comparing Financial Systems
Author: Franklin AllenPublisher: MIT Press
ISBN: 9780262011778
Category : Business & Economics
Languages : en
Pages : 524
Book Description
Why do different countries have such different financial systems? Is one system better than the other? This text argues that the view that market-based systems are best is simplistic, and suggests that a more nuanced approach is necessary.
Competition & conditions in financial system
Author: US Senate Banking & CurrPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Competition and Conditions in the Financial System
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban AffairsPublisher:
ISBN:
Category : Banking law
Languages : en
Pages : 19
Book Description
Competition and Regulation in Financial Markets
Author: Albert VerheirstraetenPublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 318
Book Description