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Universal vs. Specialized Banks

Author

Listed:
  • Steinherr, A

Abstract

EMU is expected to foster the emergence of a European capital market and this is arguably one of the most significant gains of monetary union. On the European continent at least, capital markets are still underdeveloped and financial markets are, therefore, bank-dominated. The rise of a large and more efficient capital market changes the competitive position of banks by accelerating disintermediation.

Suggested Citation

  • Steinherr, A, 1996. "Universal vs. Specialized Banks," Papers 20, American Institute for Contemporary German Studies-.
    • Handle: RePEc:fth:amiger:20
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    Cited by:

    1. Kangas, Kari & Niskanen, Anssi, 2003. "Trade in forest products between European Union and the Central and Eastern European access candidates," Forest Policy and Economics, Elsevier, vol. 5(3), pages 297-304, September.

    More about this item

    Keywords

    EUROPE ; MONETARY UNION ; BANKS;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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