Competition in the Financial Sector: Overview of Competition Policies
As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests, however, that unfettered competition is not first best given the special features of finance. I review these analytics and describe how to assess the degree of competition in marke...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2009
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Schriftenreihe: | IMF Working Papers
Working Paper No. 09/45 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests, however, that unfettered competition is not first best given the special features of finance. I review these analytics and describe how to assess the degree of competition in markets for financial services. Existing research shows that the degree of competition greatly varies across markets, largely driven by barriers to entry and exit. I argue that changes in financial services industries require updated competition policies and institutional arrangements, but that practices still fall short. Furthermore, I show that developing countries face some specific competition challenges |
Beschreibung: | 1 Online-Ressource (20 p) |
ISBN: | 1451871937 9781451871937 |
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spelling | Claessens, Stijn Verfasser aut Competition in the Financial Sector Overview of Competition Policies Claessens, Stijn Washington, D.C International Monetary Fund 2009 1 Online-Ressource (20 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 09/45 As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests, however, that unfettered competition is not first best given the special features of finance. I review these analytics and describe how to assess the degree of competition in markets for financial services. Existing research shows that the degree of competition greatly varies across markets, largely driven by barriers to entry and exit. I argue that changes in financial services industries require updated competition policies and institutional arrangements, but that practices still fall short. Furthermore, I show that developing countries face some specific competition challenges Online-Ausg http://elibrary.imf.org/view/IMF001/09961-9781451871937/09961-9781451871937/09961-9781451871937.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Claessens, Stijn Competition in the Financial Sector Overview of Competition Policies |
title | Competition in the Financial Sector Overview of Competition Policies |
title_auth | Competition in the Financial Sector Overview of Competition Policies |
title_exact_search | Competition in the Financial Sector Overview of Competition Policies |
title_exact_search_txtP | Competition in the Financial Sector Overview of Competition Policies |
title_full | Competition in the Financial Sector Overview of Competition Policies Claessens, Stijn |
title_fullStr | Competition in the Financial Sector Overview of Competition Policies Claessens, Stijn |
title_full_unstemmed | Competition in the Financial Sector Overview of Competition Policies Claessens, Stijn |
title_short | Competition in the Financial Sector |
title_sort | competition in the financial sector overview of competition policies |
title_sub | Overview of Competition Policies |
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