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Persistent link: https://www.econbiz.de/10004998656
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 …
Persistent link: https://www.econbiz.de/10005826668
This technical note analyzes the competition in the banking sector in Denmark. It reveals that Denmark has a fairly …
Persistent link: https://www.econbiz.de/10011244565
Traditional bank competition policy seeks to balance efficiency with incentives to take risk. The main tools are rules … seek to affect the degree of competition by focusing on market structure (i.e. concentration) may have limited effect. We … argue that bank competition policy should be reoriented to deal with the too-big-to-fail (TBTF) problem. It should also …
Persistent link: https://www.econbiz.de/10010790360
The paper assesses the degree of banking competition and efficiency in Italy?over time as well as compared to that in … other countries, such as France, Germany, Spain, the United Kingdom, and the United States. The paper finds competition in …. The degree of competition falls within the range of estimates for a set of comparator countries. Greater contestability …
Persistent link: https://www.econbiz.de/10005769248
Persistent link: https://www.econbiz.de/10008575524
Increasing the private sector participation in economic activities and promoting competition were among the First 5 … during this plan. By considering Concentration ratio as a proxy measure for the size of monopoly and competition, we found …
Persistent link: https://www.econbiz.de/10010695831
The ultimate objective of the present paper is to empirically investigate the effectiveness of competition policy in … developed and developing countries. Although its importance is continuously increasing, the effectiveness of competition policy … developed countries. However, an empirical literature aimed at measuring in objective terms the effect of competition policy on …
Persistent link: https://www.econbiz.de/10011109090
Japan showed strong economic recovery from the crisis. Executive Directors welcomed the development and stressed the need for a strong monetary framework, well-designed fiscal consolidation, and structural reforms. Directors agreed that the Bank of Japan’s monetary framework is well...
Persistent link: https://www.econbiz.de/10011245637
In competition law, the problem of the optimal design of institutional and procedural rules concerns assessment …
Persistent link: https://www.econbiz.de/10009003681