Introduction to lecture on bank competition

Dear all,

I just added a link to an article from the Economist that is a good introduction to next lecture (Tuesday 27.09).

The first half of the article summarizes the argument that we will go over in class, namely that competition can be bad for the safety of the banking system. In the article there are also references to relevant empirical evidence. The second half of the article provides a critique of the argument we will discuss in class.