Xavier Vives
Xavier Vives is Professor of Economics and Finance at IESE Business School and the author of Competition and Stability in Banking.
Xavier Vives is Professor of Economics and Finance at IESE Business School and the author of Competition and Stability in Banking.
In a difficult market, mergers – by enabling banks to cut costs, share information-technology platforms, and increase market power, thereby relieving pressure on margins and rebuilding capital – make … read more
The line of credit to Spain from fellow eurozone governments may help to stabilize a fragile banking system, at least in the short term, but it is a missed opportunity. Spain’s banking crisis provides… read more
Whereas central bankers and regulators tend to worry that too much competition in the financial sector increases instability and the risk of systemic failure, competition authorities tend to believe t… read more
The current crisis, with its government bailouts and subsidies, has placed tremendous pressure on competition policy on both sides of the Atlantic. As a result, whereas antitrust policy had come to fo… read more
More and more people claim that markets are characterized by irrationality, bubbles, fads, and frenzies, and that economic actors are driven by behavioral biases. If such beliefs are generally accepted… read more
The fundamental question raised by the current financial crisis is who monitors opaque loans, whether of the sub-prime or any other variety. Traditionally, the answer was banks; in the securitized wor… read more
