Walmart+ is here to help make every day easier. Learn more.
Walmart+ is here to help make every day easier.
Xavier Vives

Competition and Stability in Banking: The Role of Regulation and Competition Policy (Paperback)

Average Rating:out of 5 stars
Walmart # 583132075
$27.95$27.95
Preorder available
Free
2-day delivery
on $35+ orders

Arrives by Thu, Nov 5

Pickup not available

Sold & shipped byWalmart
Shop Now
<p><b>A distinguished economist examines competition, regulation, and stability in today's global banks</b></p> <p>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. <i>Competition and Stability in Banking </i>addresses the critical relationships between competition, regulation, and stability, and the implications of coordinating banking regulations with competition policies.</p> <p>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.</p> <p>Focusing on why banking competition policies are necessary, <i>Competition and Stability in Banking </i>examines regulation's impact on the industry's efficiency and effectiveness.</p>

About This Item

We aim to show you accurate product information. Manufacturers, suppliers and others provide what you see here, and we have not verified it.

A distinguished economist examines competition, regulation, and stability in today's global banks

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.

Competition and Stability in Banking: The Role of Regulation and Competition Policy (Paperback)

Specifications

Language
English
Publisher
Princeton University Press
Book Format
Paperback
Number of Pages
344
Author
Xavier Vives
Title
Competition and Stability in Banking: The Role of Regulation and Competition Policy
ISBN-13
9780691210032
Publication Date
November, 2020
Assembled Product Dimensions (L x W x H)
9.00 x 6.00 x 1.50 Inches
ISBN-10
0691210039

Customer Reviews

Write a review

Be the first to review this item!


Customer Q&A

Get specific details about this product from customers who own it.

Ask a question

If you would like to share feedback with us about pricing, delivery or other customer service issues, please contact customer service directly.

Policies & Plans

Pricing policy

About our prices
We're committed to providing low prices every day, on everything. So if you find a current lower price from an online retailer on an identical, in-stock product, tell us and we'll match it. See more details atOnline Price Match.

webapp branch
Electrode, Comp-7c45078e-5841-4da5-a139-55796f5fee62, DC-eus2-prod-a3, ENV-prod-a, PROF-PROD, VER-37.3.0, SHA-b3134fce56061453926ca6f342a65ac5c917ad96, CID-1877bdf4-007-174a2b378050c2, Generated: Fri, 18 Sep 2020 19:31:44 GMT