Recent Developments in European Bank Competition
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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. 2011/146
Subject:
Banking Commercial banks Competition Economic sectors Financial crises Financial institutions Financial markets Financial sector Foreign banks
English
Publication Date:
June 1, 2011
ISBN/ISSN:
9781455268481/1018-5941
Stock No:
WPIEA2011146
Pages:
25
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