Competitive Banking, Bankers’ Clubs, and Bank Regulation

Journal of Money, Credit, and Banking, Vol. 26, No. 2, May 1994, pp. 289-308. [Reprinted as chapter 14 in M. J. B. Hall (ed.) The Regulation and Supervision of Banks, Volume 1: The Case for and Against Banking Regulation. Cheltenham: Edward Elgar, 2001.