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Competition and stability in modern banking: A post-crisis perspective

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  • Vives, Xavier

Abstract

Competition has been suppressed for extended periods in banking and when it has been unleashed, financial stability has suffered. This paper elucidates the relationship between competition and stability in modern banking, with particular attention to the impact of digital technologies, and derives the policy consequences for regulation and competition policy.

Suggested Citation

  • Vives, Xavier, 2019. "Competition and stability in modern banking: A post-crisis perspective," International Journal of Industrial Organization, Elsevier, vol. 64(C), pages 55-69.
    • Handle: RePEc:eee:indorg:v:64:y:2019:i:c:p:55-69
    DOI: 10.1016/j.ijindorg.2018.08.011
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    More about this item

    Keywords

    Shadow banking; Fintech; Digital technology; Crisis; Run; Regulation;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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