000			01420pab a2200181 454500
008			180718b1998 xxu||||| |||| 00| 0 eng d
100			_aSarkar, Jayati
245			_aDeregulation and the limits to banking market competition: some insights from India
260			_c1998
300			_ap.29-42
362			_aJul
520			_aPolicy-makers around the world have emphasized the virtues of deregulation since the 1980s. In financial markets, deregulation has taken the form of removal of barriers to entry and licensing policies, as well as the dismantling of regulated interest rate regimes. These measures have been widely acclaimed as the harbingers of competition, competition being the stepping stone to higher levels of efficiency. Using theoretical caveats from the industrial organization literature and empirical evidence from the Indian banking industry, this paper argues that entry and branching deregulation and interest rate liberalization might not be the panacea that many policy-makers make them out to be. Specifically, the paper argues that competition might not naturally follow such deregulation if the incumbents are well entrenched in their market segments by virtue of sheer size and greater accessibility to customers. - Reproduced
650			_aBanks - India
650			_aBanks
700			_aBhaumik, Sumon Kumar
773			_aInternational Journal of Development Banking
909			_a40624
999			_c40624 _d40624