The Blurring of Distinctions between Financial Sectors: Fact or Fiction?
AbstractThis paper measures the 'blurring of distinctions' phenomenon in an innovative way, namely by means of a breakdown of the revenues of the 50 largest financial groups worldwide. These data show that the blurring of distinctions between financial intermediaries of different nationalities (i.e. international blurring) is clearly more important than the blurring of distinctions between different types of financial intermediaries (i.e. cross-sector blurring). At the same time, there are many initiatives on a national level to cope with the cross-sector blurring of distinctions, whereas so far relatively little initiatives have been taken to respond to the international blurring of distinctions.
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Bibliographic InfoPaper provided by Netherlands Central Bank, Research Department in its series DNB Occasional Studies with number 102.
Date of creation: Jan 2003
Date of revision:
financial supervision; financial integration; cross-sector diversification; international diversification;
Find related papers by JEL classification:
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
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