Competition and stability in banking

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dc.contributor.authorVives, Xavier
dc.date.accessioned2019-11-01T00:05:18Z
dc.date.available2019-11-01T00:05:18Z
dc.date.issued2011
dc.descriptionBanking went from being one of the most regulated sectors in the economy after the crisis in the 1930s to a more lightly regulated sector with the liberalization process that started in the 1970s in the United States. The previous period was marked by few crises with much more instability in the second culminating in the 2007 subprime crisis. In the first period competition was considered detrimental to stability and in many countries competition policy was not applied fully to this sector until recently despite its importance within the economy and the costs and inefficiencies induced by financial repression. Indeed central banks and regulators were often complacent about collusion among banks preferring to deal with a concentrated sector characterized by soft rivalry.
dc.file.nameBCCh-sbc-v16-p455_502
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 455-502
dc.identifier.isbn978-956-7421-35-0
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3886
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 16
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectESTABILIDAD ECONÓMICAes_ES
dc.subjectBANCOSes_ES
dc.subjectBANCOS CENTRALESes_ES
dc.titleCompetition and stability in banking
dc.type.docArtículo

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