Paper #664

Título:

An overall perspective on banking regulation

Autor:

Xavier Freixas

Data:

Febrero 2003

Resumen:

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.

Palabras clave:

Banking regulation, efficiency, financial stability, banking supervision

Códigos JEL:

G21, G28

Área de investigación:

Finanzas y Contabilidad

Publicado en:

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
Con el título:
Regulation of Financial Intermediaries, A Discussion

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