Series: IMF Working Papers
Author(s): Elina Ribakova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2005
Keywords: prudential supervision, liberalization, banking competition, franchise value, financial liberalization, financial markets, prudential regulation, financial fragility, banking completition, Financial Institutions and Services
While deregulated financial markets and strong competition are commonly viewed as prerequisites for successful economic development, recent empirical evidence suggests that financial liberalization, if not well pha...