This preview shows page 1. Sign up to view the full content.
Unformatted text preview: lson, “An Analysis of the Charter Value and Its Risk Constraining Incentives,” Journal of
Financial Services Research, Volume 19, April/June 2001, pp. 185–196.
See, for example, F. S. Mishkin and P. E. Strahan, “What Will Technology Do to Financial Structure,” NBER
Working Paper, No. 6842, January 1999. sau86198_ch01.qxd 16 Part One 4/21/02 8:52 PM Page 16 Introduction regulatory burden faced in supplying financial services in any given area. These demand, cost, and regulatory pressures are reflected in changing market shares in different financial service areas as some contract and others expand. Clearly, an FI seeking
to survive and prosper must be flexible enough to move to growing financial service
areas and away from those that are contracting. If regulatory activity restrictions inhibit
or reduce the flexibility with which FIs can alter their product mix, this will reduce
their competitive ability and the efficiency with which financial services are delivered.
That is, activity barriers within the financial servic...
View Full Document
This document was uploaded on 03/09/2014 for the course ACC 301 at HELP University.
- Spring '09