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Regulation versus Competition on European Financial Markets

Author

Listed:
  • Horobet, Alexandra
  • Ilie, Livia

Abstract

Competition is the mechanism that helps companies, institutions and markets to become more productive and efficient. one of the main obstacles to economic growth is represented by the policies that hinder competition. Excessive protection may create a handicap for the European economic system which will have not all the necessary instruments to face the increasing competition between companies, countries, economic regions.The paper aims at analyzing the relationship between regulation, competition and economic performances applied to European capital markets, as opposed to US capital markets.

Suggested Citation

  • Horobet, Alexandra & Ilie, Livia, 2007. "Regulation versus Competition on European Financial Markets," MPRA Paper 6133, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:6133
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    File URL: https://mpra.ub.uni-muenchen.de/6133/1/MPRA_paper_6133.pdf
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    References listed on IDEAS

    as
    1. Kpate ADJAOUTÉ & Jean-Pierre DANTHINE, 2003. "European Financial Integration and Equity Returns: A Theory-Based Assessment," FAME Research Paper Series rp84, International Center for Financial Asset Management and Engineering.
    2. Reszat, Beate, 2003. "How has the European Monetary Integration Process Contributed to Regional Financial Market Integration?," HWWA Discussion Papers 221, Hamburg Institute of International Economics (HWWA).
    3. Fratzscher, Marcel, 2002. "Financial Market Integration in Europe: On the Effects of EMU on Stock Markets," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 7(3), pages 165-193, July.
    4. Xavier Freixas, 2004. "The Assessment: European Financial Integration," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 20(4), pages 475-489, Winter.
    5. Reszat, Beate, 2003. "How Has the European Monetary Integration Process Contributed to Regional Financial Market Integration?," Discussion Paper Series 26179, Hamburg Institute of International Economics.
    6. Lieven Baele, 2004. "Measuring European Financial Integration," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 20(4), pages 509-530, Winter.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Adams, Samuel & Atsu, Francis, 2015. "Assessing the distributional effects of regulation in developing countries," Journal of Policy Modeling, Elsevier, vol. 37(5), pages 713-725.

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    More about this item

    Keywords

    regulation; competition; capital market; integration;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • D0 - Microeconomics - - General

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    This paper has been announced in the following NEP Reports:

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