Trends in Financial Market Concentration and Their

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Trends in Financial Market Concentration and Their Implications for Market Stability: A Reprint from “Economic Policy Review”

The link between financial market concentration &

Our Price: $15.00

By Nicola Cetorelli (au)
Year: 2007
Pages: 19
Binding Paperback

Product Code: 1422315282

Description

The link between financial market concentration & stability is a topic of great interest to policymakers & other market participants. Are concentrated markets -- those where a relatively small number of firms hold large market shares -- inherently more prone to disruption? The authors find an ambiguous relationship between concentration & instability when a large firm in a concentrated market fails. The authors also document that most U.S. wholesale credit & capital markets are only moderately concentrated, & that concentration trends are mixed -- rising in some markets & falling in others. Also identifies market characteristics that might lead to greater, or less, concern about the consequences of a large firm’s exit. Illustrations.

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