Diversity in Finance:An Overview
|Publication:||White Paper No. 60|
|Topic Area:||Financial Intermediation|
|Authors:||Reinhard H. Schmidt|
|Keywords:||diversity, finance, banking systems, financial systems|
This paper aspires to provide an overview of the issue of diversity of banking and financial systems and its development over time from a positive and a normative perspective. In other word: how different are banks within a given country and how much do banking systems and entire financial systems differ between countries and regions, and do in-country diversity and between-country diversity change over time, as one would be inclined to expect as a consequence of globalization and increasingly global standards of regulation?
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