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How Should Financial Institutions and Markets be Structured?: Analysis and Options for Financial System Design

Author

Listed:
  • Kaufman, George G.
  • Kroszner, Randall S.

Abstract

This paper analyzes the consequences of alternative financial structures for financial efficiency and stability. The focus is on the organizational structure of banks. Alternative bank structures range from 'narrow banks' to broad 'universal banks.' Each banking structure is assessed in its ability to satisfy the objectives of efficiency and stability in the financial system stability, economies of scale and scope, competition, avoiding regulatory capture, conflicts of interest and political manipulation, corporate control and management of financial distress, and monetary control. No one reform is appropriate for all countries, and no single reform guarantees that the objectives will be attained or maintained.

Suggested Citation

  • Kaufman, George G. & Kroszner, Randall S., 1997. "How Should Financial Institutions and Markets be Structured?: Analysis and Options for Financial System Design," IDB Publications (Working Papers) 6201, Inter-American Development Bank.
    • Handle: RePEc:idb:brikps:6201
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    File URL: https://publications.iadb.org/publications/english/document/How-Should-Financial-Institutions-and-Markets-be-Structured%C2%A0Analysis-and-Options-for-Financial-System-Design.pdf
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    Cited by:

    1. George Kaufman, 2004. "Macroeconomic Stability, Bank Soundness, and Designing Optimum Regulatory Structures," Multinational Finance Journal, Multinational Finance Journal, vol. 8(3-4), pages 141-171, september.

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