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The Blurring of Distinctions between Financial Sectors: Fact or Fiction?

Author

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  • Annemarie van der Zwet

Abstract

This 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.

Suggested Citation

  • Annemarie van der Zwet, 2003. "The Blurring of Distinctions between Financial Sectors: Fact or Fiction?," DNB Occasional Studies 102, Netherlands Central Bank, Research Department.
  • Handle: RePEc:dnb:dnbocs:102
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    File URL: https://www.dnb.nl/en/binaries/os2_tcm47-146638.pdf
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    References listed on IDEAS

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    1. Goodhart, Charles & Schoenmaker, Dirk, 1995. "Should the Functions of Monetary Policy and Banking Supervision Be Separated?," Oxford Economic Papers, Oxford University Press, vol. 47(4), pages 539-560, October.
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    3. Giorgio Di Giorgio & Carmine Di Noia, 2001. "Financial Regulation and Supervision in the Euro Area: A Four-Peak Proposal," Center for Financial Institutions Working Papers 01-02, Wharton School Center for Financial Institutions, University of Pennsylvania.
    4. Richard K. Abrams & Michael W Taylor, 2000. "Issues in the Unification of Financial Sector Supervision," IMF Working Papers 00/213, International Monetary Fund.
    5. Kenneth Rogoff, 1999. "International Institutions for Reducing Global Financial Instability," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 21-42, Fall.
    6. Agnes A Belaisch & Joaquim Vieira Ferreira Levy & Laura E. Kodres & Angel J. Ubide, 2001. "Euro-Area Banking At the Crossroads," IMF Working Papers 01/28, International Monetary Fund.
    7. Anonymous, 1997. "Editors' Report, February 1997," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 29(01), July.
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    Citations

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    Cited by:

    1. Henriëtte Prast & Iman van Lelyveld, 2004. "New Architectures in the Regulation and Supervision of Financial Markets and Institutions: The Netherlands," DNB Working Papers 021, Netherlands Central Bank, Research Department.
    2. Sébastian Schich, 2005. "Diversification sectorielle : les assureurs mis au défi," Revue d'Économie Financière, Programme National Persée, vol. 80(3), pages 271-286.
    3. Michal Jurek, 2014. "Role and impact of different types of financial institutions on economic performance and stability of the real sector in selected EU member states," Working papers wpaper36, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.

    More about this item

    Keywords

    financial supervision; financial integration; cross-sector diversification; international diversification;

    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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