a high level of competition. What a country produces and how much it competes domestically and internationally are … important for achieving fair and inclusive markets. We explore policy options to steer industrial and market structures toward …

We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition …, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad … marked increase in inequality. Beyond consumer welfare in a narrow market, competition policy should adapt to this new …

We examine how bank competition in the run-up to the 2007-2009 crisis affects banks' systemic risk during the crisis … competition at the industry level lead to higher realized systemic risk. The results suggest that the use of securitization …

In this paper we study how competition and financial soundness affect financial inclusion in Sub-Saharan Africa (SSA …). We use detailed individual-level survey data, combined with key country-level indicators of bank competition and …, and bank loans). We find that more competition tends to increase the probability of access to these financial products. On …

In this paper, we explore how competition among stock exchanges, operated as self-regulatory organizations (SROs … incomplete and investors do not have perfect information about the monitoring efficiency, competition among exchanges induces a …