Recent Developments in European Bank Competition

 
Author/Editor: Sun, Yu
 
Publication Date: June 01, 2011
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: This paper investigates the degree of bank competition in the euro area, the U.S. and U.K. before and after the recent financial crisis, and revisits the issue whether the introduction of EMU and the euro have had any impact on bank competition. The results suggest that the level of bank competition converged across euro area countries in the wake of the EMU. The recent global financial crisis led to a fall in competition in several countries and especially where large credit and housing booms had preceded the crisis..
 
Series: Working Paper No. 11/146
Subject(s): Banks | Competition | Cross country analysis | Economic models | Euro Area | European Economic and Monetary Union | United Kingdom

Author's Keyword(s): bank competition | EMU | financial crisis | euro area
 
English
Publication Date: June 01, 2011
Format: Paper
Stock No: WPIEA2011146 Pages: 25
Price:
US$18.00 (Academic Rate:
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