Freixas, XavierUniversitat Pompeu Fabra. Departament d'Economia i Empresa2020-05-252020-05-252003-02-01S. Bhattacharya, A. Boot and A. Thakor, editors, Credit, Intermediation and the Macroeconomy, Models and Perspetives Chapter Oxford University Press, Oxford, p.424-448, New York, 2004http://hdl.handle.net/10230/1245We survey the theory of banking regulation from the general perspective of regulatory theory. Starting by considering the different justifications of financial intermediation, we proceed to identify the market failures that make banking regulation necessary. We then succinctly compare how the analysis of regulation compares in the domains of banking and industrial organization. Finally we analyse why a safety net for banks could be part of banking regulation and how it can be structured in an efficient way.application/pdfengL'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commonsinfo:eu-repo/semantics/workingPaperbanking regulationefficiencyfinancial stabilitybanking supervisionFinance and Accountinginfo:eu-repo/semantics/openAccess