Integrated banking model boosts financial stability and competition worldwide.
The article discusses different ways to provide financial services, focusing on integrated banking models that combine various financial services. It suggests that allowing foreign banks to enter the market can be beneficial. A well-designed safety net is crucial for balancing financial stability and efficiency. Supervision of financial institutions should be consolidated to ensure effective monitoring and action. Overall, the research shows that a competitive but not overly competitive financial system with the right safeguards can promote stability and responsible behavior in the industry.