Competition in the Changing World of Banking
回顾了银行业转型背景下竞争的作用，运用产业组织和现代金融中介分析研究竞争水平、风险承担激励与监管框架之间的关系，并强调自由化对市场结构的影响及竞争政策的必要性。
This paper reviews the role of competition in banking against the background of a transforming sector. It uses industrial organization and modern financial intermediation analysis to study the relationships between the level of competition, risk-taking incentives, and the regulatory frame. The consequences for market structure of the liberalization process and the need for competition policy in the sector are high-lighted. Copyright 2001, Oxford University Press.