Integrating Europe S Retail Banking Market
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Integrating Europe S Retail Banking Market
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Author : Stefanie Kleimeier
language : en
Publisher:
Release Date : 2007
Integrating Europe S Retail Banking Market written by Stefanie Kleimeier and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Banks and banking categories.
This report offers a comprehensive survey of recent empirical research on the state and development of retail banking integration in Europe. The authors, Stefanie Kleimeier and Harald Sander, document a broad consensus that retail banking integration is still limited, although it seems to have recently gained momentum. Kleimeier and Sander find, however, that there is less agreement on how to measure the phenomenon. They warn that the various types of integration measures should be interpreted with care, due to their shortcomings and in order to avoid jumping to the wrong policy conclusion. In their view, the recent acceleration in integration has been driven mostly by wholesale financial market integration and more general financial developments. The authors conclude that integration policies need to be supplemented by competition, financial development, and financial stability policies.
Towards A Single Retail Banking Market
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Author : Harold Sanders
language : en
Publisher:
Release Date : 2002
Towards A Single Retail Banking Market written by Harold Sanders and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
Creating And Governing An Integrated Market For Retail Banking Services In Europe
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Author : Matthäus Markus Sielecki
language : en
Publisher: Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
Release Date : 2011
Creating And Governing An Integrated Market For Retail Banking Services In Europe written by Matthäus Markus Sielecki and has been published by Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Banking law categories.
The creation of the Economic and Monetary Union (EMU) has accelerated the harmonization process of regulation and governance in Europe. However, the integration of fragmented retail banking markets still represents a difficult task for regulators. This book investigates the role of EU policy in creating a single market, addressing explicitly questions on the choice of policy measures to overcome barriers to integration persistent in these markets. Based on an analysis of different regulatory theories, the author develops a conceptual framework and illustrates its applicability to the case of the Single Euro Payments Area (SEPA) initiative. The fact that a single market has not yet evolved is less a sign of market or coordination failures than of government failures. The author concludes that, despite the political resistance from national interest groups, regulatory barriers need to be removed first to provide a level playing field for banks and a safe legal environment for consumers.
Integration Of European Banking
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Author : Pedro Pita Barros
language : en
Publisher: Centre for Economic Policy Research
Release Date : 2005
Integration Of European Banking written by Pedro Pita Barros and has been published by Centre for Economic Policy Research this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Banker categories.
Annotation. The regulation of network industries has emerged as a key issue on the European policy agenda, yet there is little high-quality research capable of informing the European policy debate. The Monitoring European Deregulation (MED) series was launched by CEPR and SNS in 1997 and features new, policy-oriented research on the liberalization of the European markets of the major network industries (previous reports have focused on telecommunications and electricity). Addressed to a wide audience of both academics and European decisionmakers in the private-sector and policy communities, at both the national and EU level, the new reportwhich focuses on the deregulation of the European banking systemwill play an important role in influencing current thinking on these issues and contributing to the policy debate.
A New Metric For Banking Integration In Europe
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Author : Reint Gropp
language : en
Publisher:
Release Date : 2008
A New Metric For Banking Integration In Europe written by Reint Gropp and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Banks and banking categories.
Most observers have concluded that while money markets and government bond markets are rapidly integrating following the introduction of the common currency in the euro area, there is little evidence that a similar integration process is taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration. The paper proposes a new test of integration based on convergence in banks' profitability. The new test emphasises the role of an active market for corporate control and of competition in banking integration. European listed banks profitability appears to converge to a common level. There is weak evidence that competition eliminates high profits for these banks, and underperforming banks tend to show improved profitability. Unlisted European banks differ markedly. Their profits show no tendency to revert to a common target rate of profitability. Overall, the banking market in Europe appears far from being integrated. In contrast, in the U.S. both listed and unlisted commercial banks profits converge to the same target, and high profit banks see their profits driven down quickly.
A New Metric For Banking Integration In Europe
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Author : Reint Gropp
language : en
Publisher:
Release Date : 2010
A New Metric For Banking Integration In Europe written by Reint Gropp and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Most observers have concluded that while money markets and government bond markets are rapidly integrating following the introduction of the common currency in the euro area, there is little evidence that a similar integration process is taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration. The paper proposes a new test of integration based on convergence in banks' profitability. The new test emphasises the role of an active market for corporate control and of competition in banking integration. European listed banks profitability appears to converge to a common level. There is weak evidence that competition eliminates high profits for these banks, and underperforming banks tend to show improved profitability. Unlisted European banks differ markedly. Their profits show no tendency to revert to a common target rate of profitability. Overall, the banking market in Europe appears far from being integrated. In contrast, in the U.S. both listed and unlisted commercial banks profits converge to the same target, and high profit banks see their profits driven down quickly.
Euro Area Retail Banking Markets Integration
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Author : Dr. John Aggelis
language : en
Publisher:
Release Date : 2006
Euro Area Retail Banking Markets Integration written by Dr. John Aggelis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
An integrated market for financial services has been considered an integral part of the European Union's single market project. This is particularly true as finance in continental Europe is traditionally bank-dominated. The creation of a single currency for twelve European member states has been seen by many as a potential common ground for retail banking markets, which is expected to facilitate further integration. This paper investigates the impact of the introduction of the single currency on the degree of integration between the potential retail interest rate markets in the Euro area. Given the non-stationary nature of the retail rate series, the method of cointegration through a VAR specification is employed. In particular, by employing co-integration, market integration will exist when interest rates exhibit a certain long-term equilibrium relationship, by recognizing at the same time that full equalization may not occur. This study focuses on the period from January 1985 to January 2004 as well as on the pre- and post-Euro sub-periods.
European Financial Market Integration
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Author : Stefanie Kleimeier
language : en
Publisher:
Release Date : 2002
European Financial Market Integration written by Stefanie Kleimeier and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
Integration In Euro Area Retail Banking Markets Convergence Of Credit Interest Rates
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Author : Laura Vajanne
language : en
Publisher:
Release Date : 2007
Integration In Euro Area Retail Banking Markets Convergence Of Credit Interest Rates written by Laura Vajanne and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
Integrating Markets In Banking Services
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Author : Gulnaz Ospanova
language : en
Publisher: Springer Nature
Release Date : 2022-11-09
Integrating Markets In Banking Services written by Gulnaz Ospanova and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-11-09 with Law categories.
This book deals with banking integrations, which are now becoming crucial not only because of the increased number of economic integrations, but also in view of the qualitative improvement of such banking integrations. It compares the European Union (EU), as the most successful union, which was able to move from a common financial market to the prime example of banking integration; the Banking Union; and the Eurasian Economic Union (EAEU) as a relatively young one but with several of the prerequisites for becoming an influential union, and which was established by five countries – the Russian Federation, Kazakhstan, Belarus, Armenia, and the Kyrgyz Republic – in 2015. The key research question is whether the single market in banking services or a banking union is an achievable goal or merely a utopia. In this regard, the book reveals the bottlenecks and obstacles that the EU and EAEU policymakers faced during the difficult process of establishing a single market and banking union. However, along with the problems of banking integration, it identifies many peculiarities of the harmonization of banking legislation among the EU Member States. Recognizing and acknowledging these peculiarities can be very beneficial for young unions and help to guide their integration processes. In particular, the book concludes that evolutionary (not revolutionary) harmonization is required in order for the EAEU to become a full-fledged union.