Competition and stability in banking

Banking 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 sec...

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Autor principal:	Vives, Xavier
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	ESTABILIDAD ECONÓMICA BANCOS BANCOS CENTRALES
Acceso en línea:	https://hdl.handle.net/20.500.12580/3886
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spelling	oai-20.500.12580-38862021-04-24T11:16:19Z Competition and stability in banking Vives, Xavier ESTABILIDAD ECONÓMICA BANCOS BANCOS CENTRALES Banking 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. 2019-11-01T00:05:18Z 2019-11-01T00:05:18Z 2011 Artículo 978-956-7421-35-0 https://hdl.handle.net/20.500.12580/3886 eng Series on Central Banking Analysis and Economic Policies no. 16 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 455-502 application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	ESTABILIDAD ECONÓMICA BANCOS BANCOS CENTRALES
spellingShingle	ESTABILIDAD ECONÓMICA BANCOS BANCOS CENTRALES Vives, Xavier Competition and stability in banking
description	Banking 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.
format	Artículo
author	Vives, Xavier
author_facet	Vives, Xavier
author_sort	Vives, Xavier
title	Competition and stability in banking
title_short	Competition and stability in banking
title_full	Competition and stability in banking
title_fullStr	Competition and stability in banking
title_full_unstemmed	Competition and stability in banking
title_sort	competition and stability in banking
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3886
work_keys_str_mv	AT vivesxavier competitionandstabilityinbanking
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Competition and stability in banking

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