search query: @author Winton, A. / total: 5
reference: 4 / 5
| Author: | Winton, A. |
| Title: | Competition among financial intermediaries when diversification matters |
| Journal: | Journal of Financial Intermediation
1997 : OCT, VOL. 6:4, p. 307-346 |
| Index terms: | COMPETITION FINANCIAL INTERMEDIARIES DIVERSIFICATION |
| Language: | eng |
| Abstract: | Many models predict that the diversification and efficiency of financial intermediaries ("banks") increases with their size, so that a relatively unrestricted banking sector will settle into an equilibrium with several large, well diversified, and competitive banks. However, this prediction is at odds with the actual pattern of unrestricted banking sector evolution in many countries. The author develops a model that motivates this actual pattern and examines the model's implications for regulatory policy. |
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