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Published in:
2009 | OriginalPaper | Chapter
Bank Concentration and Central Banks
Authors : Carlos M. Peláez, Carlos A. Peláez
Published in: Financial Regulation after the Global Recession
Publisher: Palgrave Macmillan UK
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There are two general themes in this chapter. First, a group of sections focuses on the issue of monopoly in banking markets. The relaxation of entry in local markets reduced significantly the measurement and need for regulation of market power. Second, financial stabilization to prevent and resolve banking and financial crises is managed by central banks. The paradigm of modern central banking is the BOE.