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作者 Vives, Xavier, author
書名 Competition and stability in banking : the role of regulation and competition policy / Xavier Vives
出版項 Princeton, New Jersey : Princeton University Press, [2016]
國際標準書號 9780691171791 (hardback)
0691171793 (hardback)
國際標準號碼 40026449808
book jacket
館藏地 索書號 處理狀態 OPAC 訊息 條碼
 人社中心  HG1573 V58 2016    在架上    30560400444367
 人文社會聯圖  HG1573 .V58 2016    在架上    30660020185653
說明 xx, 324 pages ; 24 cm
text txt rdacontent
unmediated n rdamedia
volume nc rdacarrier
附註 Includes bibliographical references (pages 245-313) and index
"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
主題 Banks and banking
Banks and banking -- Government policy
Competition
BUSINESS & ECONOMICS -- Banks & Banking. bisacsh
BUSINESS & ECONOMICS -- Commercial Policy. bisacsh
BUSINESS & ECONOMICS -- Finance. bisacsh
Banks and banking. fast (OCoLC)fst00826867
Banks and banking -- Government policy. fast (OCoLC)fst00826934
Competition. fast (OCoLC)fst00871464
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