observing the long-run consequences of failed guarantees is difficult in the modern era. We look to America's free-banking era …

considering a crisis period. Our results suggest that establishing restrictions in the universal banking model could damage the …

banks' soundness, the structural characteristics and efficiency of the banking sector and the development of the capital …' development is supporting a stable evolution in banking sector. For the relationship between capital markets and soundness, our …

. Subsequently, we analyze whether the 2014 financial reform had an effect on some of our competition measures. We use ordinary and … supporting the idea that the reform had a positive average effect and increased banks competition intensity during a few years …

observing the long-run consequences of failed guarantees is difficult in the modern era. We look to America's free-banking era …-run consequences to financial depth when panics cast doubt upon a government's ability to honor its guarantees. -- banking panics …

The analysis highlights the aspects of diversified market structures and of local, low-distance banking as advantageous … for financial stability. Heterogeneity protects from uniform market behaviour. Local banking can better overcome the … regionally focussed credit institutions. So it seems that the process of re-intermediation and re-directing banking business back …

In this work, we evaluate the competition in the Romanian banking system as regards the distortions in terms of market … the Romanian banking system, in the period 2000 2010; then we apply the Mereuta universal concentration matrix (2012 …) where we analyse the competition on the Romanian banking market, using two indicators: the M index and the degree of the …