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Author : Ingo Walter
Publisher : Ballinger Publishing Company
Page : 278 pages
File Size : 46,5 Mb
Release : 1988
Category : Banks and banking, International
ISBN : UCSC:32106008081066
Author : Marvin H. Kosters,A.H. Meltzer
Publisher : Springer Science & Business Media
Page : 247 pages
File Size : 46,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401138765
financial markets suggests that factors such as differences in capital requirements, limi tations on size or on the range of financial activities in which firms can engage, govern ment guarantee arrangements for deposits or payments, and reporting or disclosure requirements can have important effects on the efficiency of industrial and commercial firms and thus on the international competitive positions of major sectors of the U.S. economy. Regulatory and tax policies must therefore take into account effects on inter national competitive positions in addition to domestic concerns. The articles in this issue analyze differences in market organization and regulation across countries and examine how efficiency in producing financial services is influenced by these differences. These articles were presented and discussed at a conference sponsored by the Amer ican Enterprise Institute in Washington, D.C., on May 31 and June 1, 1990. This confer ence on International Competitiveness in Financial Services brought to the attention of Washington policy officials these analyses by leading scholars in finance. Publication of these studies and critiques in the Journal of Financial Services Research is intended to stimulate further interest in research on these important issues.
Author : Stijn Claessens
Publisher : Unknown
Page : 128 pages
File Size : 49,6 Mb
Release : 2009
Category : Electronic book
ISBN : OCLC:1030851203
Competition in the financial sector, as in other sectors, matters for allocative, productive, and dynamic efficiency. Theory suggests, however, that unfettered competition is not necessarily best given the special features of financial services. The author discusses these analytical complications before reviewing how to assess competition in the financial sector and its determinants. It is shown that competitiveness varies greatly across countries, in perhaps surprising ways, and that it is not driven by financial system concentration. Rather, systems with greater foreign entry and fewer entry and activity restrictions tend to be more competitive, confirming that contestability--the lack of barriers to entry and exit--determines effective competition. The author then analyzes how competition policy in the financial sector has generally been conducted and how changes in competition in the financial services industries should affect competition policy going forward. In part based on comparison with other industries, the author provides some suggestions on how competition policy in the financial sector could be better approached as well as what institutional arrangements best fit a modern view of competition policy in the sector. The specific competition challenges for developing countries is also highlighted. The author concludes that practices today fall far short of the need for better competition policy in the financial sector.
Author : Anonim
Publisher : DIANE Publishing
Page : 402 pages
File Size : 49,8 Mb
Release : 1987
Category : Commerce
ISBN : 9781428922808
Author : Stijn Claessens
Publisher : INTERNATIONAL MONETARY FUND
Page : 35 pages
File Size : 55,7 Mb
Release : 2009-03-01
Category : Electronic
ISBN : 1451871937
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 markets for financial services. Existing research shows that the degree of competition greatly varies across markets, largely driven by barriers to entry and exit. I argue that changes in financial services industries require updated competition policies and institutional arrangements, but that practices still fall short. Furthermore, I show that developing countries face some specific competition challenges.
Author : OECD
Publisher : OECD Publishing
Page : 87 pages
File Size : 55,5 Mb
Release : 2011-10-05
Category : Electronic
ISBN : 9789264120563
This report examines the interplay between banking competition and financial stability, taking into account the experiences in the recent global crisis and the policy response to it. The report has been prepared by members of the Directorate of ...
Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance,United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. International Competitiveness of United States Financial Institutions Task Force
Publisher : Unknown
Page : 36 pages
File Size : 41,6 Mb
Release : 1990
Category : Banks and banking
ISBN : STANFORD:36105062151688
Author : Robert D. Dedman
Publisher : Unknown
Page : 103 pages
File Size : 46,7 Mb
Release : 2000
Category : Internet banking
ISBN : 1860681387
Author : Stijn Claessens,Luc Laeven
Publisher : World Bank Publications
Page : 49 pages
File Size : 40,7 Mb
Release : 2005
Category : Banks and banking
ISBN : 8210379456XXX
"The relationships among competition in the financial sector, access of firms to external financing, and associated economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper Claessens and Laeven first estimate for 16 countries a measure of banking system competition based on industrial organization theory. They then relate this competition measure to growth of industries and find that greater competition in countries' banking systems allows financially dependent industries to grow faster. These results are robust under a variety of tests. The results suggest that the degree of competition is an important aspect of financial sector funding. This paper--a product of the Financial Sector Operations and Policy Department--is part of a larger effort in the department to study competition in banking"--World Bank web site.
Author : Bernard Taylor,Ian Morison
Publisher : CRC Press
Page : 228 pages
File Size : 49,7 Mb
Release : 1999-06-28
Category : Business & Economics
ISBN : 0849317355
Financial services businesses are leading the way towards the global economy, yet they are in a state of turbulence. Where financial services are today, other industries such as electronics, computers, telecommunications, and air transport will be in the near future. This book describes why this is happening and how companies are tackling the challenge of this volatile environment. The first part describes the causes of this volatility through new government regulations, shifts in customer behavior, the impact of new technology, and more aggressive global competition. The second part of the book contains case study material from international companies including managing the portfolio of a global financial services organization and corporate development for an international bank. Driving Strategic Change in Financial Services is an essential tool for understanding the global climate in financial services and for mastering the task of developing an international company. Executives, policy-makers, and managers in banking and other markets such as electronic commerce will find valuable insights and useful case material. Features
Author : Niklaus Blattner,Hans Genberg,ALexander Swoboda
Publisher : Springer Science & Business Media
Page : 310 pages
File Size : 55,8 Mb
Release : 2012-12-06
Category : Science
ISBN : 9783642488467
"Once upon a longish time ago, Swiss bankers were solemn men to whom you took the money stashed under your mattress so Oliver Landmann they could stash it under theirs. Not now". (The Economist, February 2nd, 1991) As The Economist has recognized, the banking business is subject to thorough change. Traditional competitive advantages are lost, new ones must be sought. And above all, the rapid globalization of fmancial markets in the recent past has greatly intensified international competition in banking. In view of these developments, the issue of competitiveness in banking has become an urgent research priority. The contributions collected in this conference volume present the ftrst results of a joint research project of the Labour and Industrial Economics Research Unit at the University of Basel, the International Centre for Monetary and Banking Studies, and the Graduate Institute for International Studies in Geneva on the Swiss Financial Sector. TIle Conference was held in Basel on May 16 - 17, 1991. The research project, directed by Professors Alexander Swoboda, Niklaus Blattner and Hans Genberg, is part of the National Research Programme Nr. 28, commissioned by the Swiss Government and administered by the Swiss National Science Foundation. The programme is devoted to the external economic challenges faced by Switzerland. The notion of competitiveness is at the very core of this research programme.
Author : Morten Balling,Frank Lierman,Andy Mullineux
Publisher : Routledge
Page : 304 pages
File Size : 49,7 Mb
Release : 2006-04-18
Category : Business & Economics
ISBN : 9781134173778
Financial services firms play a key role in the European economy. The efficiency and profitability of these firms and the competition among them have an impact on allocation of savings, financing of investment, economic growth, the stability of the financial system and the transmission of monetary policy. This collection of research contributions includes evaluations of trends in the European financial service industry and examinations of the driving forces of efficiency, competition and profitability of financial firms and institutions in Europe. The papers have been written by leading academics and researchers in the field, who specialize in strategic, systematic and policy issues related to the European financial services industry. This edited collection will be will be essential reading for students and academics but will also be of interest to financial practitioners and government officials interested in acquiring a deeper understanding of this complex issue.
Author : Kurihara, Yutaka,Takaya, Sadayoshi,Yamori, Nobuyoshi
Publisher : IGI Global
Page : 321 pages
File Size : 52,8 Mb
Release : 2005-12-31
Category : Business & Economics
ISBN : 9781591408833
"This book discusses information technology and its underdeveloped use in financial institutions despite some efforts to improve and upgrade their systems with new systems"--Provided by publisher.
Author : Stijn Claessens
Publisher : World Bank Publications
Page : 48 pages
File Size : 48,7 Mb
Release : 2006
Category : Bank
ISBN : 8210379456XXX
Financial intermediation and financial services industries have undergone many changes in the past two decades due to deregulation, globalization, and technological advances. The framework for regulating finance has seen many changes as well, with approaches adapting to new issues arising in specific groups of countries or globally. The objectives of this paper are twofold: to review current international thinking on what regulatory framework is needed to develop a financial sector that is stable, yet efficient, and provides proper access to households and firms; and to review the key experiences regarding international financial architecture initiatives, with a special focus on issues arising for developing countries. The paper outlines a number of areas of current debate: the special role of banks, competition policy, consumer protection, harmonization of rules-across products, within markets, and globally-and the adaptation and legitimacy of international standards to the circumstances facing developing countries. It concludes with some areas where more research would be useful.
Author : Soogil Young,Dosoung Choi,Jesus Seade,Sayuri Shirai
Publisher : Institute of Southeast Asian Studies
Page : 463 pages
File Size : 55,6 Mb
Release : 2009
Category : Business & Economics
ISBN : 9789812309303
Contents include an overview and policy recommendations; case studies which include Australian content; international perspectives; and issues and findings.
