approaches and prudential considerations in fostering financial innovation and banking sector competition …

policy makers. Fintech provides opportunities to deepen financial development, competition, innovation, and inclusion in the …

rigid regulation. This paper shows that these two features are related and together make the speed of adjustment of …

We examine the extent to which regulations of entry and credit access are related to competition using data on 28 … competition, as proxied by the price-cost margin, in the industries with a naturally high entry rate. Rigid entry regulations are … exerting a positive effect on competition. These results suggest that incumbent firms are likely to enjoy the rent and market …

This paper shows that competition among regulators reduces regulatory standards relative to a centralized solution. It … their banks’ profitability set their regulatory policy non-cooperatively. Externalities in bank regulation make the … independent solution collectively inefficient. These externalities and the benefits of centralized regulation increase with …

a high level of competition. What a country produces and how much it competes domestically and internationally are …

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 …