Regulation, Competition and Risk in the Market for Credit Cards
AbstractContrasting proposals have recently emerged concerning the need to regulate the Canadian credit card market. The National Liberal Caucus Task Force on Financial Services recommended that interest-rate ceilings be imposed on credit cards in Canada, while the MacKay Commission on Financial Services described the credit card industry as being subject to increased competition, and did not recommend any such regulations. Based on evidence provided here on card providers, card consumers, and the changing nature of the credit card market, it is argued that ceilings are not the appropriate regulatory response.
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Bibliographic InfoArticle provided by University of Toronto Press in its journal Canadian Public Policy.
Volume (Year): 26 (2000)
Issue (Month): 2 (June)
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Postal: University of Toronto Press Journals Division 5201 Dufferin Street Toronto, Ontario, Canada M3H 5T8
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Igor Livshits & James MacGee & Michèle Tertilt, 2007.
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NBER Working Papers
13363, National Bureau of Economic Research, Inc.
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