Banking Deregulation and the New Competition in Financial Services
Author : S. Kerry Cooper
Publisher :
Page : 396 pages
File Size : 42,45 MB
Release : 1986
Category : Business & Economics
ISBN :
Author : S. Kerry Cooper
Publisher :
Page : 396 pages
File Size : 42,45 MB
Release : 1986
Category : Business & Economics
ISBN :
Author : Alexis Drach
Publisher : Oxford University Press
Page : 209 pages
File Size : 49,90 MB
Release : 2021
Category : Business & Economics
ISBN : 0198856954
This edited volume is the first archival based historical investigation on the liberalization measures taken in various countries in the financial sector in the decades following the Bretton Woods system, from a comparative and a global perspective.
Author : Itzhak Swary
Publisher : John Wiley & Sons
Page : 521 pages
File Size : 30,5 MB
Release : 1992
Category : Banks and banking
ISBN : 0631181881
Financial institutions in developed countries have undergone a profound structural change in recent years. As a result, banking has become internationalized and competition has intensified within vast and complex markets for a range of financial services. This book reviews these changes.
Author : George G. Kaufman
Publisher :
Page : 248 pages
File Size : 26,65 MB
Release : 1986
Category : Business & Economics
ISBN :
Author : Nancy L. Rose
Publisher : University of Chicago Press
Page : 619 pages
File Size : 11,88 MB
Release : 2014-08-29
Category : Business & Economics
ISBN : 022613816X
The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.
Author : Charles W. Calomiris
Publisher : Cambridge University Press
Page : 392 pages
File Size : 12,41 MB
Release : 2006-11-02
Category : Business & Economics
ISBN : 0521028388
This book shows how deregulation is transforming the size, structure, and geographic range of U.S. banks, the scope of banking services, and the nature of bank-customer relationships. Over the past two decades the characteristics that had made American banks different from other banks throughout the world--a fragmented geographical structure of the industry, which restricted the scale of banks and their ability to compete with one another, and strict limits on the kinds of products and services commercial banks could offer--virtually have been eliminated. Understanding the origins and persistence of the unique banking regulations that defined U.S. banking for over a century lends an important perspective on the economic and political causes and consequences of the current process of deregulation.
Author : David Knights
Publisher : Springer
Page : 258 pages
File Size : 15,85 MB
Release : 1997-02-07
Category : Social Science
ISBN : 1349140007
During the 1980s, deregulation became adopted as a slogan and set of practices which by setting market forces free could increase the efficiency of market systems. This was particularly the case in the financial services where national systems which had been closed through government and industry collaboration were now opened up to more internal and international competition. This book examines the consequences of deregulation in retail financial services. It shows that organisation and actors sought to adapt to this process, often with unexpected results.
Author : Mr.Anton Korinek
Publisher : International Monetary Fund
Page : 42 pages
File Size : 19,32 MB
Release : 2013-12-17
Category : Business & Economics
ISBN : 1475546084
Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the distributive implications of financial regulation center stage. We develop a model in which the financial sector benefits from risk-taking by earning greater expected returns. However, risktaking also increases the incidence of large losses that lead to credit crunches and impose negative externalities on the real economy. We describe a Pareto frontier along which different levels of risktaking map into different levels of welfare for the two parties. A regulator has to trade off efficiency in the financial sector, which is aided by deregulation, against efficiency in the real economy, which is aided by tighter regulation and a more stable supply of credit. We also show that financial innovation, asymmetric compensation schemes, concentration in the banking system, and bailout expectations enable or encourage greater risk-taking and allocate greater surplus to the financial sector at the expense of the rest of the economy.
Author : Stijn Claessens
Publisher : World Bank Publications
Page : 48 pages
File Size : 28,48 MB
Release : 2006
Category : Bank
ISBN :
Financial intermediation and financial services industries have undergone many changes in the past two decades due to deregulation, globalization, and technological advances. The framework for regulating finance has seen many changes as well, with approaches adapting to new issues arising in specific groups of countries or globally. The objectives of this paper are twofold: to review current international thinking on what regulatory framework is needed to develop a financial sector that is stable, yet efficient, and provides proper access to households and firms; and to review the key experiences regarding international financial architecture initiatives, with a special focus on issues arising for developing countries. The paper outlines a number of areas of current debate: the special role of banks, competition policy, consumer protection, harmonization of rules-across products, within markets, and globally-and the adaptation and legitimacy of international standards to the circumstances facing developing countries. It concludes with some areas where more research would be useful.
Author : Gordon De Brouwer
Publisher : Taylor & Francis US
Page : 358 pages
File Size : 33,62 MB
Release : 1999
Category : Business & Economics
ISBN : 9780415208437
Financial liberalisation and structural reform in Asia Pacific are examined generally and with specific reference to individual countries, as the contributors discuss the build-up of vulnerability which resulted in financial crisis in East Asia.