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To be euro or not to be euro: a comparative analysis of banking systems

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  • Mark Bertus
  • John Jahera
  • Keven Yost

Abstract

For the past half century, European countries have moved to harmonize their economies. While there has been a push for a single banking market in Europe, the 25 European Union (EU) countries have still not achieved full harmonization. The purpose of this study is to explore similarities and differences in country-specific banking system attributes between member nations in the EU that have adopted the Euro and those that have not. We find evidence suggesting that the currency adoption decision is related to the level of market disclosure and openness. In general, countries that have adopted the Euro have the strongest quality of information and greatest protection against the exploitation of banking entities.

Suggested Citation

  • Mark Bertus & John Jahera & Keven Yost, 2007. "To be euro or not to be euro: a comparative analysis of banking systems," Applied Financial Economics Letters, Taylor and Francis Journals, vol. 3(6), pages 391-396.
  • Handle: RePEc:taf:apfelt:v:3:y:2007:i:6:p:391-396
    DOI: 10.1080/17446540701320195
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    References listed on IDEAS

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    1. Philipp Hartmann & Stefan Straetmans & Casper de Vries, 2007. "Banking System Stability. A Cross-Atlantic Perspective," NBER Chapters,in: The Risks of Financial Institutions, pages 133-192 National Bureau of Economic Research, Inc.
    2. Manna, Michele, 2004. "Developing statistical indicators of the integration of the euro area banking system," Working Paper Series 300, European Central Bank.
    3. Hartmann, Philipp & Straetmans, Stefan & de Vries, Casper, 2005. "Banking system stability: a cross-Atlantic perspective," Working Paper Series 527, European Central Bank.
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