Financial conglomeration and monitoring incentives

被引：2

作者：

Malkonen, Ville ^{[1
]}

机构：

[1] VATT Govt Inst Econ Res, FIN-00101 Helsinki, Finland

来源：

JOURNAL OF FINANCIAL STABILITY | 2009年 / 5卷 / 02期

关键词：

Financial conglomerates; Banking; Insurance; Capital regulation; EXPECTED-UTILITY; DUAL THEORY; COMPETITION; INTERMEDIATION; CHOICE;

D O I：

10.1016/j.jfs.2008.05.001

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

If combining insurance and banking services generates scope economies in terms of monitoring the customers, competition in the financial markets becomes more intense after financial conglomeration. The pro-competitive effect reduces the prices of the financial services, increases monitoring and improves financial stability. Increased monitoring allows financial regulators apply lower capital requirements for financial conglomerates. (C) 2008 Elsevier B.V. All rights reserved.

引用

页码：105 / 123

页数：19

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