| dc.creator | Schargrodsky, Ernesto | |
| dc.creator | Sturzenegger, Federico | |
| dc.date | 1999-05 | |
| dc.date | 1999 | |
| dc.date | 2014-03-20T17:38:22Z | |
| dc.identifier | http://sedici.unlp.edu.ar/handle/10915/34012 | |
| dc.identifier | http://www.depeco.econo.unlp.edu.ar/jemi/1999/trabajo16.pdf | |
| dc.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. | |
| dc.description | Departamento de Economía | |
| dc.format | application/pdf | |
| dc.language | en | |
| dc.relation | IV Jornadas de Economía Monetaria e Internacional (La Plata, 1999) | |
| dc.rights | http://creativecommons.org/licenses/by/3.0/ | |
| dc.rights | Creative Commons Attribution 3.0 Unported (CC BY 3.0) | |
| dc.subject | Ciencias Económicas | |
| dc.title | Regulation, concentration and competition in financial intermediation | |
| dc.type | Objeto de conferencia | |
| dc.type | Objeto de conferencia | |
