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Competition in the changing world of banking

Опубликовано на портале: 15-12-2002
Oxford Review of Economic Policy. .  Vol. 17. No. 4. P. 535-547. 
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 highlighted.
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