TY  - BOOK
AU  - Beck,Thorsten
AU  - Beck,Thorsten
TI  - Bank Competition and Financial Stability: Friends Or Foes? 
PY  - 2008///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Access to Finance
KW  - Bank
KW  - Banking
KW  - Banking crises
KW  - Banking sector
KW  - Banking system
KW  - Banks and Banking Reform
KW  - Debt Markets
KW  - Deposit Insurance
KW  - Emerging Markets
KW  - Finance
KW  - Finance and Financial Sector Development
KW  - Financial institutions
KW  - Financial Intermediation
KW  - Financial stability
KW  - Governments
KW  - Labor Policies
KW  - Markets
KW  - Private Sector Development
KW  - Social Protections and Labor
N2  - Theory makes ambiguous predictions about the relationship between market structure and competitiveness of the banking system and banking sector stability. Empirical studies focusing on individual countries provide similarly ambiguous results, while cross-country studies point mostly to a positive relationship between competition and stability in the banking system. Where liberalization and unfettered competition have resulted in fragility, this has been mostly the consequence of regulatory and supervisory failures. The advantages of competition for an efficient and inclusive financial system are strong, and regulatory and supervisory policies should focus on an incentive-compatible environment for banking rather than try to fine-tune market structure or the degree of competition
UR  - http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-4656
ER  -