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European Financial Services

In: After Liberalisation

Author

Listed:
  • Christopher J. S. Gentle

Abstract

Firms of all sizes across the European market face a new challenge in an era after liberalisation. The completion of the single market means that capital and labour, goods and services are moving with greater freedom. As a result, powerful forces are now at work that will dissolve national regulatory barriers that have preserved the structure, concentration and stolidness of European industry. This is particularly true in the financial services industry, where the liberal reforms of the single market process are beginning to drive a change from a set of national self-contained financial systems to a single, interconnected financial market. Consequently, the convergence of financial systems that is at hand, is placing formerly national financial organisations at a strategic crossroads. As the end of the decade draws to a close, the question for all financial service companies is which route to follow?

Suggested Citation

  • Christopher J. S. Gentle, 1996. "European Financial Services," Palgrave Macmillan Books, in: After Liberalisation, chapter 3, pages 46-59, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-24843-8_3
    DOI: 10.1007/978-1-349-24843-8_3
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    Citations

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    Cited by:

    1. Burgoon, Brian & Demetriades, Panicos & Underhill, Geoffrey R.D., 2012. "Sources and legitimacy of financial liberalization," European Journal of Political Economy, Elsevier, vol. 28(2), pages 147-161.
    2. Prieto, Francisco Javier & Mattos, José Carlos Silva & Noguera, Nicolás, 1999. "Manual for completing the questionnaire on measures affecting services trade in the hemisphere," Manuales 5569, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Triono Widodo, 2008. "Measuring output and value of financial services (banking): the case of Indonesia," IFC Bulletins chapters, in: Bank for International Settlements (ed.), The IFC's contribution to the 56th ISI Session, Lisbon, August 2007, volume 28, pages 107-115, Bank for International Settlements.
    4. Soedarmono, Wahyoe & Machrouh, Fouad & Tarazi, Amine, 2011. "Bank market power, economic growth and financial stability: Evidence from Asian banks," Journal of Asian Economics, Elsevier, vol. 22(6), pages 460-470.
    5. Peik Granlund, 2004. "Economic evaluation of bank exit regimes in US, EU and Japanese financial centres," Finance 0405002, University Library of Munich, Germany.
    6. Lütz, Susanne, 1996. "The revival of the nation-state? Stock exchange regulation in an era of internationalized financial markets," MPIfG Discussion Paper 96/9, Max Planck Institute for the Study of Societies.
    7. Mr. Ian Lienert, 2010. "Should Advanced Countries Adopt a Fiscal Responsibility Law?," IMF Working Papers 2010/254, International Monetary Fund.
    8. G. Somasekhar & K. Srinivasa Krishna & Ashok Kumar Reddy & T. Kishore Kumar & G. Somasekhar, 2021. "Shopper Segmentation Using Multivariate Risk Analysis for Innovative Marketing Strategies," International Journal of Asian Business and Information Management (IJABIM), IGI Global, vol. 12(1), pages 60-74, January.
    9. Jane Kelsey, 2017. "The Risks for ASEAN of New Mega-Agreements that Promote the Wrong Model of e-Commerce," Working Papers DP-2017-10, Economic Research Institute for ASEAN and East Asia (ERIA).
    10. Chaudhry, Sajid Mukhtar & Mullineux, Andrew & Agarwal, Natasha, 2015. "Balancing the regulation and taxation of banking," International Review of Financial Analysis, Elsevier, vol. 42(C), pages 38-52.
    11. Marianne Ojo, 2007. "The Financial Services Authority: A Model of Improved Accountability?," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 1(1), pages 83-96.
    12. Brian Burgoon & Panicos Demetriades & Geoffrey Underhill, 2008. "Financial Liberalisation and Political Variables: a response to Abiad and Mody," Discussion Papers in Economics 08/30, Division of Economics, School of Business, University of Leicester.
    13. Altunbas, Y. & Chakravarty, S. P., 2001. "Frontier cost functions and bank efficiency," Economics Letters, Elsevier, vol. 72(2), pages 233-240, August.
    14. Altunbas, Y. & Chakravarty, S. P., 1998. "Efficiency measures and the banking structure in Europe," Economics Letters, Elsevier, vol. 60(2), pages 205-208, August.
    15. Meryem El Alaoui Amine & Laila Ouhna, 2018. "Internal Relationship Marketing and Job Performance: A Theoretical Analysis," International Business Research, Canadian Center of Science and Education, vol. 11(11), pages 128-142, November.
    16. Emiliano Grossman, 2003. "Bringing Politics Back In:Rethinking the Role of Economic Interest Groups in European Integration," Les Cahiers européens de Sciences Po 2, Centre d'études européennes (CEE) at Sciences Po, Paris.
    17. repec:zbw:bofrdp:2003_005 is not listed on IDEAS
    18. Buch, Claudia M., 1996. "Opening up for foreign banks: Why Central and Eastern Europe can benefit," Kiel Working Papers 763, Kiel Institute for the World Economy (IfW Kiel).
    19. Stephan Schulmeister, 2009. "A General Financial Transaction Tax: A Short Cut of the Pros, the Cons and a Proposal," WIFO Working Papers 344, WIFO.
    20. Clemens Sager, 2006. "Productivity and Income-Redistribution Impacts of Banking Liberalisation in Europe - An Empirical Analysis Based on the Melitz Model\par," IHEID Working Papers 14-2006, Economics Section, The Graduate Institute of International Studies.
    21. Granlund, Peik, 2003. "Economic evaluation of bank exit regimes in US, EU and Japanese financial centres," Research Discussion Papers 5/2003, Bank of Finland.

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