BOK Working/Discussion Papers

  1. Research Papers
  2. BOK Working/Discussion Papers

Universal Banking and Corporate Governance

Economic Research Institute (82-2-759-5407) 2004.10.26 3312

Universal Banking and Corporate Governance

                                  

I. Introduction    2

II. The Model     8

III. Competition in a Functionally Separated Banking System   13
1. Competition in the Investment Banking Sector    13

2. Competition in the Commercial Banking Sector    18

IV. Competition in a Universal Banking System   24

V. Equilibrium Banking Structure and Social Welfare   28

VI. Concluding Remarks   34

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