Paper #664

Títol:

An overall perspective on banking regulation

Autor:

Xavier Freixas

Data:

Febrer 2003

Resum:

We survey the theory of banking regulation from the general perspective of regulatory theory. Starting by considering the different justifications of financial intermediation, we proceed to identify the market failures that make banking regulation necessary. We then succinctly compare how the analysis of regulation compares in the domains of banking and industrial organization. Finally we analyse why a safety net for banks could be part of banking regulation and how it can be structured in an efficient way.

Paraules clau:

Banking regulation, efficiency, financial stability, banking supervision

Codis JEL:

G21, G28

Àrea de Recerca:

Finances i Comptabilitat

Publicat a:

S. Bhattacharya, A. Boot and A. Thakor, editors, Credit, Intermediation and the Macroeconomy, Models and Perspetives Chapter Oxford University Press, Oxford, p.424-448, New York, 2004
Amb el títol:
Regulation of Financial Intermediaries, A Discussion

Descarregar el paper en format PDF