Regulation, concentration and competition in financial intermediation
- Autores
- Schargrodsky, Ernesto; Sturzenegger, Federico
- Año de publicación
- 1999
- Idioma
- inglés
- Tipo de recurso
- documento de conferencia
- Estado
- versión publicada
- Descripción
- The strengthening of prudential regulation has, in general, led to increased concentration of the financial sector. While better prudential regulation may deliver a benefit in terms of higher solvency, it is usually understood that more concentration, in general, implies higher spreads. Thus, there is a view that these prudential measures imply a tradeoff between solvency and competition. In this paper we want to argue that such a tradeoff does not necessarily exist. We present a model in which product differentiation decreases with concentration potentially inducing more intense competition, and therefore lower spreads. We provide evidence from a cross section of countries in favor of this alternative view.
Departamento de Economía - Materia
-
Ciencias Económicas
competencia
economía - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- http://creativecommons.org/licenses/by/3.0/
- Repositorio
.jpg)
- Institución
- Universidad Nacional de La Plata
- OAI Identificador
- oai:sedici.unlp.edu.ar:10915/34012
Ver los metadatos del registro completo
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Regulation, concentration and competition in financial intermediationSchargrodsky, ErnestoSturzenegger, FedericoCiencias EconómicascompetenciaeconomíaThe strengthening of prudential regulation has, in general, led to increased concentration of the financial sector. While better prudential regulation may deliver a benefit in terms of higher solvency, it is usually understood that more concentration, in general, implies higher spreads. Thus, there is a view that these prudential measures imply a tradeoff between solvency and competition. In this paper we want to argue that such a tradeoff does not necessarily exist. We present a model in which product differentiation decreases with concentration potentially inducing more intense competition, and therefore lower spreads. We provide evidence from a cross section of countries in favor of this alternative view.Departamento de Economía1999-05info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/34012enginfo:eu-repo/semantics/altIdentifier/url/http://www.depeco.econo.unlp.edu.ar/jemi/1999/trabajo16.pdfinfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/3.0/Creative Commons Attribution 3.0 Unported (CC BY 3.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-29T10:58:51Zoai:sedici.unlp.edu.ar:10915/34012Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-29 10:58:51.875SEDICI (UNLP) - Universidad Nacional de La Platafalse |
| dc.title.none.fl_str_mv |
Regulation, concentration and competition in financial intermediation |
| title |
Regulation, concentration and competition in financial intermediation |
| spellingShingle |
Regulation, concentration and competition in financial intermediation Schargrodsky, Ernesto Ciencias Económicas competencia economía |
| title_short |
Regulation, concentration and competition in financial intermediation |
| title_full |
Regulation, concentration and competition in financial intermediation |
| title_fullStr |
Regulation, concentration and competition in financial intermediation |
| title_full_unstemmed |
Regulation, concentration and competition in financial intermediation |
| title_sort |
Regulation, concentration and competition in financial intermediation |
| dc.creator.none.fl_str_mv |
Schargrodsky, Ernesto Sturzenegger, Federico |
| author |
Schargrodsky, Ernesto |
| author_facet |
Schargrodsky, Ernesto Sturzenegger, Federico |
| author_role |
author |
| author2 |
Sturzenegger, Federico |
| author2_role |
author |
| dc.subject.none.fl_str_mv |
Ciencias Económicas competencia economía |
| topic |
Ciencias Económicas competencia economía |
| dc.description.none.fl_txt_mv |
The strengthening of prudential regulation has, in general, led to increased concentration of the financial sector. While better prudential regulation may deliver a benefit in terms of higher solvency, it is usually understood that more concentration, in general, implies higher spreads. Thus, there is a view that these prudential measures imply a tradeoff between solvency and competition. In this paper we want to argue that such a tradeoff does not necessarily exist. We present a model in which product differentiation decreases with concentration potentially inducing more intense competition, and therefore lower spreads. We provide evidence from a cross section of countries in favor of this alternative view. Departamento de Economía |
| description |
The strengthening of prudential regulation has, in general, led to increased concentration of the financial sector. While better prudential regulation may deliver a benefit in terms of higher solvency, it is usually understood that more concentration, in general, implies higher spreads. Thus, there is a view that these prudential measures imply a tradeoff between solvency and competition. In this paper we want to argue that such a tradeoff does not necessarily exist. We present a model in which product differentiation decreases with concentration potentially inducing more intense competition, and therefore lower spreads. We provide evidence from a cross section of countries in favor of this alternative view. |
| publishDate |
1999 |
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1999-05 |
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eng |
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eng |
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