Author : International Monetary Fund
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451865905
Total Pages : 0 pages
Book Rating : 4.8/5 (659 download)
Book Synopsis Italy—Assessing Competition and Efficiency in the Banking System by : International Monetary Fund
Download or read book Italy—Assessing Competition and Efficiency in the Banking System written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2007-02-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper assesses the degree of banking competition and efficiency in Italy?over time as well as compared to that in other countries, such as France, Germany, Spain, the United Kingdom, and the United States. The paper finds competition in the Italian banking sector has intensified in loan and deposit markets in recent years, but banks still operate in a highcost, high-income system, particularly with respect to retail/services, and efficiency gains have yet to fully materialize. The degree of competition falls within the range of estimates for a set of comparator countries. Greater contestability should act as a powerful force to drive banks to become more competitive and efficient. Competition policy will also continue to be an important consideration, both in enforcing Italy's antitrust laws and in ensuring that the procedures for dealing with weak banks and other merger and acquisition reviews focus on stability and competition objectives.