of convergence of transition countries with developed market economies. The study focuses on competition and market …

financial and competition regulation. There have been several surveys of regulatory responses. This note takes a step back, to …, particularly around competition and market structure. The focus is on economic and technological forces that apply broadly across … market structure and competition outcomes …

"Under the traditional "competition-fragility" view, more bank competition erodes market power, decreases profit … margins, and results in reduced franchise value that encourages bank risk taking. Under the alternative "competition … suggest that - consistent with the traditional "competition-fragility" view - banks with a greater degree of market power also …