How Long to Read Competition Policy for Modern Banks

How Long Does it Take to Read Competition Policy for Modern Banks?

It takes the average reader and 20 minutes to read Competition Policy for Modern Banks by Lev Ratnovski

Assuming a reading speed of 250 words per minute. Learn more

Description

Traditional bank competition policy seeks to balance efficiency with incentives to take risk. The main tools are rules guiding entry/exit and consolidation of banks. This paper seeks to refine this view in light of recent changes to financial services provision. Modern banking is largely market-based and contestable. Consequently, banks in advanced economies today have structurally low charter values and high incentives to take risk. In such an environment, traditional policies that seek to affect the degree of competition by focusing on market structure (i.e. concentration) may have limited effect. We argue that bank competition policy should be reoriented to deal with the too-big-to-fail (TBTF) problem. It should also focus on the permissible scope of activities rather than on market structure of banks. And following a crisis, competition policy should facilitate resolution by temporarily allowing higher concentration and government control of banks.

How long is Competition Policy for Modern Banks?

Competition Policy for Modern Banks by Lev Ratnovski is 20 pages long, and a total of 5,000 words.

This makes it 7% the length of the average book. It also has 6% more words than the average book.

How Long Does it Take to Read Competition Policy for Modern Banks Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 27 minutes to read Competition Policy for Modern Banks aloud.

What Reading Level is Competition Policy for Modern Banks?

Competition Policy for Modern Banks is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Competition Policy for Modern Banks?

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