Regulation, concentration and competition in financial intermediation

The strengthening of prudential regulation has, in general, led to increased concentration of the financial sector. While better prudential regulation may deliver a benefit in terms of higher solvency, it is usually understood that more concentration, in general, implies higher spreads. Thus, there...

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Autores principales: Schargrodsky, Ernesto, Sturzenegger, Federico
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 1999
Materias:
Ciencias Económicas
competencia
economía
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/34012
http://www.depeco.econo.unlp.edu.ar/jemi/1999/trabajo16.pdf
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-34012
record_format dspace
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
competencia
economía
spellingShingle Ciencias Económicas
competencia
economía
Schargrodsky, Ernesto
Sturzenegger, Federico
Regulation, concentration and competition in financial intermediation
topic_facet Ciencias Económicas
competencia
economía
description The strengthening of prudential regulation has, in general, led to increased concentration of the financial sector. While better prudential regulation may deliver a benefit in terms of higher solvency, it is usually understood that more concentration, in general, implies higher spreads. Thus, there is a view that these prudential measures imply a tradeoff between solvency and competition. In this paper we want to argue that such a tradeoff does not necessarily exist. We present a model in which product differentiation decreases with concentration potentially inducing more intense competition, and therefore lower spreads. We provide evidence from a cross section of countries in favor of this alternative view.
format Objeto de conferencia
Objeto de conferencia
author Schargrodsky, Ernesto
Sturzenegger, Federico
author_facet Schargrodsky, Ernesto
Sturzenegger, Federico
author_sort Schargrodsky, Ernesto
title Regulation, concentration and competition in financial intermediation
title_short Regulation, concentration and competition in financial intermediation
title_full Regulation, concentration and competition in financial intermediation
title_fullStr Regulation, concentration and competition in financial intermediation
title_full_unstemmed Regulation, concentration and competition in financial intermediation
title_sort regulation, concentration and competition in financial intermediation
publishDate 1999
url http://sedici.unlp.edu.ar/handle/10915/34012
http://www.depeco.econo.unlp.edu.ar/jemi/1999/trabajo16.pdf
work_keys_str_mv AT schargrodskyernesto regulationconcentrationandcompetitioninfinancialintermediation
AT sturzeneggerfederico regulationconcentrationandcompetitioninfinancialintermediation
bdutipo_str Repositorios
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