Competition in the Changing World of Banking
- 1 December 2001
- journal article
- Published by Oxford University Press (OUP) in Oxford Review of Economic Policy
- Vol. 17 (4) , 535-547
- https://doi.org/10.1093/oxrep/17.4.535
Abstract
This paper reviews the role of competition in banking against the background of a transforming sector. It uses industrial organization and modern financial intermediation analysis to study the relationships between the level of competition, risk‐taking incentives, and the regulatory frame. The consequences for market structure of the liberalization process and the need for competition policy in the sector are high‐lighted.Keywords
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