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Online Public Access Catalogue

题名/责任者:

Competition and stability in banking : the role of regulation and competition policy / Xavier Vives.

出版发行项:

Princeton : Princeton University Press, c2016

ISBN:

9780691171791(hardback) :

ISBN:

0691171793(hardback)

载体形态项:

xx, 324 pages : illustrations ; 24 cm

个人责任者:

Vives, Xavier, author.

论题主题:

Banks and banking.

论题主题:

Banks and banking-Government policy.

论题主题:

Competition.

中图法分类号:

F831.0

书目附注:

Includes bibliographical references and index.

摘要附注:

"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."--

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