Competition and Stability in Banking
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A01=Xavier Vives
Age Group_Uncategorized
Age Group_Uncategorized
Asset
Asset management
Author_Xavier Vives
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Bank
Bank failure
Bank run
Banking union
Barriers to entry
Bond market
Capital requirement
Category1=Non-Fiction
Category=KFFK
Central bank
Commercial bank
Competition
Consumer
Consumer protection
COP=United States
Credit (finance)
Credit risk
Creditor
Customer
Debt
Delivery_Delivery within 10-20 working days
Deposit account
Deposit insurance
Deregulation
Diversification (finance)
Dodd–Frank Wall Street Reform and Consumer Protection Act
Economy
eq_business-finance-law
eq_isMigrated=2
eq_non-fiction
European Central Bank
Externality
Finance
Financial crisis
Financial institution
Financial intermediary
Financial services
Funding
Government debt
Information asymmetry
Insurance
Interest rate
Investment
Investment banking
Investor
Language_English
Leverage (finance)
Liability (financial accounting)
Liberalization
Market discipline
Market failure
Market liquidity
Market power
Mergers and acquisitions
Monetary policy
Moral hazard
Mortgage loan
PA=Available
Payment
Payment system
Price_€20 to €50
Pricing
Profit (economics)
Provision (accounting)
PS=Active
Relationship Banking
Requirement
Retail banking
Risk
Saving
Securitization
Shadow banking system
softlaunch
Solvency
State aid
Supervisor
Systemic risk
Tax
Too big to fail
Trade-off
Product details
- ISBN 9780691171791
- Weight: 652g
- Dimensions: 152 x 235mm
- Publication Date: 02 Aug 2016
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Hardback
- Language: English
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Does too much competition in banking hurt society? What policies can best protect and stabilize banking without stifling it? Institutional responses to such questions have evolved over time, from interventionist regulatory control after the Great Depression to the liberalization policies that started in the United States in the 1970s. The global financial crisis of 2007-2009, which originated from an oversupply of credit, once again raised questions about excessive banking competition and what should be done about it. Competition and Stability in Banking addresses the critical relationships between competition, regulation, and stability, and the implications of coordinating banking regulations with competition policies. Xavier Vives argues that while competition is not responsible for fragility in banking, there are trade-offs between competition and stability. Well-designed regulations would alleviate these trade-offs but not eliminate them, and the specificity of competition in banking should be accounted for.
Vives argues that regulation and competition policy should be coordinated, with tighter prudential requirements in more competitive situations, but he also shows that supervisory and competition authorities should stand separate from each other, each pursuing its own objective. Vives reviews the theory and empirics of banking competition, drawing on up-to-date analysis that incorporates the characteristics of modern market-based banking, and he looks at regulation, competition policies, and crisis interventions in Europe and the United States, as well as in emerging economies. Focusing on why banking competition policies are necessary, Competition and Stability in Banking examines regulation's impact on the industry's efficiency and effectiveness.
Xavier Vives is professor of economics and finance at the IESE Business School in Barcelona. His books include Information and Learning in Markets (Princeton) and Oligopoly Pricing.
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