informational problems. We show that, as a consequence of this trade-off, more intense competition in unregulated segments of the … can lead to a softer merger policy when competition is weaker. …

stability in this period, we are able to isolate the effects of bank competition from those of state implicit guarantees. We … removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … states that retained state bank chartering policies. We argue that the fiercer bank competition following the introduction of …