Competition in the Financial Sector : Overview of Competition Policies /

As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests, however, that unfettered competition is not first best given the special features of finance. I review these analytics and describe how to assess the degree of competition in marke...

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Bibliographic Details
Main Author: Claessens, Stijn
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/045
Online Access:Full text available on IMF