Recent Developments in European Bank Competition
June 1, 2011
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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..
Subject: Banking, Commercial banks, Competition, Economic sectors, Financial crises, Financial institutions, Financial markets, Financial sector, Foreign banks
Keywords: bank activity, bank competition, bank entry, Commercial banks, Competition, competition indicator, competition level, corporative bank, EMU, euro area, financial crisis, Financial sector, Foreign banks, Global, government bank, mortgage bank, post EMU, revenue equation, WP
Pages:
25
Volume:
2011
DOI:
Issue:
146
Series:
Working Paper No. 2011/146
Stock No:
WPIEA2011146
ISBN:
9781455268481
ISSN:
1018-5941
