Competition and Stability in Banking (eBook)

The Role of Regulation and Competition Policy

Xavier Vives (Autor)

eBook Download: PDF | EPUB

2016
344 Seiten
Princeton University Press (Verlag)
978-1-4008-8090-4 (ISBN)

Infos

Xavier Vives is professor of economics and finance at the IESE Business School in Barcelona. His books include Information and Learning in Markets (Princeton) and Oligopoly Pricing.

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A distinguished economist examines competition, regulation, and stability in today's global banksDoes 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 2007-2009, 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 and the United States, as well as in emerging economies.Focusing on why banking competition policies are necessary, Competition and Stability in Banking examines regulation's impact on the industry's efficiency and effectiveness.

Produkt-Details

• Erscheint lt. Verlag: 2.8.2016
• Zusatzinfo: 20 line illus.
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Geschichte / Politik ► Politik / Gesellschaft
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
• Schlagworte: asset • Asset Management • Asymmetric information • Bailout • balance sheet • Bank • bank failure • Banking Sector • banking union • bank run • barriers to entry • Basel II • Bond Market • Capital adequacy Ratio • capital injection • Capital requirement • Cartels • Central Bank • collusion • Commercial Bank • Competition • Competition Policy • Concentration • Consolidation • consumer • Consumer Protection • Contagion • credit • credit card • Credit (finance) • Creditor • credit risk • crisis interventions • Currency • Current Account • Customer • debt • Deposit account • deposit insurance • Deregulation • developing economies • Diversification (finance) • Dodd–Frank Wall Street Reform and Consumer Protection Act • Economic Growth • economy • emerging economies • Europe • european central bank • European Union • Eurozone • Externality • Finance • Financial Crisis • Financial innovation • Financial institution • Financial Intermediary • Financial Intermediation • Financial regulation • Financial Sector • Financial Services • Financial Stability Board • Financial Technology • fragility • Funding • Government Debt • income • industrial organization approach • Information asymmetry • insurance • Interest • Interest Rate • Investment • Investment banking • Investor • Leverage (finance) • Liability (financial accounting) • Liberalization • Libor • macroprudential regulation • Margin (finance) • Market Concentration • market discipline • Market Failure • market liquidity • Market power • Market Structure • Merger Control • Mergers • Mergers and acquisitions • monetary policy • Moral Hazard • mortgage loan • Network externalities • Payment • Payment System • Pricing • Product Differentiation • Profit (economics) • proprietary trading • Provision (accounting) • prudential regulation • Regulation • Regulatory Failure • Regulatory reform • Relationship Banking • Requirement • restrictive agreements • Retail Banking • Risk • risk taking • safety net • saving • Savings and loan association • Savings banks • Securitization • Senior Debt • Shadow Banking • Shadow Banking System • Shareholder • solvency • stability • State Aid • State Ownership • Subsidy • Supervisor • Supply (economics) • systemic risk • Tax • Taxpayer • Too big to fail • Trade-off • two-sided markets • United States • Value (economics)
• ISBN-10: 1-4008-8090-4 / 1400880904
• ISBN-13: 978-1-4008-8090-4 / 9781400880904