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The ongoing global financial crisis is rooted in a combination of factors common to previous financial crises and some new factors. The crisis has brought to light a number of deficiencies in financial regulation and architecture, particularly in the treatment of systemically important financial...
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"The relationships among competition in the financial sector, access of firms to external financing, and associated … economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper … Claessens and Laeven first estimate for 16 countries a measure of banking system competition based on industrial organization …
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Competition in the financial sector, as in other sectors, matters for allocative, productive, and dynamic efficiency …. Theory suggests, however, that unfettered competition is not necessarily best given the special features of financial … services. The author discusses these analytical complications before reviewing how to assess competition in the financial …
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The relationships among competition in the financial sector, access of firms to external financing, and associated … economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper … the authors first estimate for 16 countries a measure of banking system competition based on industrial organization …
Persistent link: https://www.econbiz.de/10012553941