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dc.titleHow Should Financial Institutions and Markets be Structured?: Analysis and Options for Financial System Design
dc.contributor.authorKaufman, George G.
dc.contributor.authorKroszner, Randall S.
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.date.available2011-02-04T00:00:00
dc.date.issue1997-02-01T00:00:00
dc.description.abstractThis paper analyzes the consequences of alternative financial structures for financial efficiency and stability. The focus is on the organizational structure of banks. Alternative bank structures range from 'narrow banks' to broad 'universal banks.' Each banking structure is assessed in its ability to satisfy the objectives of efficiency and stability in the financial system stability, economies of scale and scope, competition, avoiding regulatory capture, conflicts of interest and political manipulation, corporate control and management of financial distress, and monetary control. No one reform is appropriate for all countries, and no single reform guarantees that the objectives will be attained or maintained.
dc.format.extent17
dc.identifier.doihttp://dx.doi.org/10.18235/0011592
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/How-Should-Financial-Institutions-and-Markets-be-Structured Analysis-and-Options-for-Financial-System-Design.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFinancial Market
dc.subjectPolicy Evaluation
dc.subject.keywordsfinancial institutions;WP-338;financial system;banking structures
idb.identifier.pubnumberWorking Papers
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