Bank Competition and Financial Stability: Friends or Foes?
Bank Competition and Financial Stability: Friends or Foes?
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银行竞争与金融稳定：是友还是敌？
DOI：
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发表时间：
2008
期刊：
影响因子：
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通讯作者：
Thorsten Beck
中科院分区：
文献类型：
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作者：
Thorsten Beck
理论对市场结构、银行体系竞争力和银行业稳定性之间的关系做出了模糊的预测。针对个别国家的实证研究也提供了类似的模糊结果，而跨国研究则主要指出竞争与银行体系稳定之间的积极关系。在自由化和不受约束的竞争导致脆弱性的地方，这主要是监管和监督失败的后果。竞争对高效和包容性金融体系的好处是强大的，监管和监督政策应侧重于为银行业创造一个激励相容的环境，而不是试图微调市场结构或竞争程度。
Theory makes ambiguous predictions about the relationship between market structure and competitiveness of the banking system and banking sector stability. Empirical studies focusing on individual countries provide similarly ambiguous results, while cross-country studies point mostly to a positive relationship between competition and stability in the banking system. Where liberalization and unfettered competition have resulted in fragility, this has been mostly the consequence of regulatory and supervisory failures. The advantages of competition for an efficient and inclusive financial system are strong, and regulatory and supervisory policies should focus on an incentive-compatible environment for banking rather than try to fine-tune market structure or the degree of competition.