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dc.contributor.authorHeinemann, Friedrichen_US
dc.contributor.authorSchüler, Martinen_US
dc.date.accessioned2009-02-16T14:56:15Z-
dc.date.available2009-02-16T14:56:15Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/24445-
dc.description.abstractThe system of banking supervision in Europe is undergoing substantial reforms. According to Stigler?s capture theory regulation often follows the preferences of producers. Therefore, the interests of the financial industry might be a major driving force for the ongoing supervisory reform debate. This paper identifies possible interests of the regulated industries: Either they might favour strict supervision to create barriers for entry and thus to reduce competitive pressure in their market. Or they might use their political influence to press for a lax and low-cost supervisory system. A cross-country data base on supervisory systems and financial structure allows the application of a three-step testing procedure. It turns out that the private interest view on regulation is indeed relevant and that the data is more compatible with a ?preference for laxity? than with a ?barriers to entry? view.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 02-66en_US
dc.subject.jelG28en_US
dc.subject.ddc330en_US
dc.subject.keywordbanking regulation and supervisionen_US
dc.subject.keywordcapture theoryen_US
dc.subject.keywordpolitical economyen_US
dc.subject.stwBankenaufsichten_US
dc.subject.stwFinanzsektoren_US
dc.subject.stwInteressenpolitiken_US
dc.subject.stwBankenpolitiken_US
dc.subject.stwSchätzungen_US
dc.subject.stwWelten_US
dc.titleA Stigler View on Banking Supervisionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn359014453en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:538-
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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