... overall role of the state in finance is an open question, there is clearly an important role for the state in financial sector regulation and supervision. This is the one area where the role of the ... reduces the cost of finance and increases the availability of credit. On the other hand, the information hypothesis posits that in the presence of information FIGURE 3.6 Bank Competition: Developed ... discussion on the theory and practice of competition policy. 2. For example, in February 2010, the OECD Competition Committee held a discussion on competition, concentration, and stability in the...