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European banking integration, ten years after


  • Jean Dermine


Ten years ago, the White Paper on the Completion of the Single Market announced the integration of European banking markets. the purpose of this essay is to identify four public issues that remain to be addressed. Home country control of international banks need to be complemented by host country control. the deposit guarantee schemes should be modified by rendering insured deposits 'first order claim'. A European authority is needed to ensure that banks do not exploit domestic rents to subsidise international activities. Finally, tax evasion is a fourth issue that remains to be addressed. Copyright Blackwell Publishers Ltd. 1996.

Suggested Citation

  • Jean Dermine, 1996. "European banking integration, ten years after," European Financial Management, European Financial Management Association, vol. 2(3), pages 331-353.
  • Handle: RePEc:bla:eufman:v:2:y:1996:i:3:p:331-353

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    References listed on IDEAS

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    Cited by:

    1. Elyasiani, Elyas & Mansur, Iqbal & Pagano, Michael S., 2007. "Convergence and risk-return linkages across financial service firms," Journal of Banking & Finance, Elsevier, vol. 31(4), pages 1167-1190, April.
    2. Zdenek Kudrna, 2009. "The EU Financial Market Policy: Evolution, Innovation and Research Outlook," Working Papers of the Vienna Institute for European integration research (EIF) 4, Institute for European integration research (EIF).
    3. Centeno, Mario & Mello, Antonio S., 1999. "How integrated are the money market and the bank loans market within the European Union?," Journal of International Money and Finance, Elsevier, vol. 18(1), pages 75-106, January.

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