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 …

Using firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm …

. While in most other countries foreign bank entry took the form of direct takeover or majority shareholding, foreign …. International experience suggests that greater competition from and participation of foreign banks can in general bring important …

relationship between banks' risk of failure, market structure, bank ownership, and banks' screening and bankruptcy costs. These …,000 bank-year observations for 133 non-industrialized countries during the 1993-2004 period. Four main results obtain. First …, the positive and significant relationship between bank concentration and bank risk of failure found in Boyd, De Nicolò and …