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Author/Editor:
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Drummond, Paulo Flavio Nacif ; Maechler, Andrea M. ; Marcelino, Sandra
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Publication Date:
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February 01, 2007
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Electronic Access:
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Free Full text
(PDF file size is 602KB).
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
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.
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Order a print copy
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Series:
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Working Paper No. 07/26
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Subject(s):
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Banking systems | Italy | Competition
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Author's Keyword(s):
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Banking | competition | efficiency | Italy |
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English
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Publication Date:
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February 01, 2007
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ISBN/ISSN:
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1934-7073
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Format:
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Paper
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Stock No:
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WPIEA2007026
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Pages:
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42
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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