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Banking integration in Europe

  • Daniel Pérez

    ()

    (Banco de España)

  • Vicente Salas-Fumás

    ()

    (Banco de España
    Universidad de Zaragoza)

  • Jesús Saurina

    ()

    (Banco de España)

Registered author(s):

    The paper studies the evolution and determinants of banking integration across European countries, including New Member States, with attention to the impact that the Euro might have on that process. It is the first time that banking integration is being studied using the data on international consolidated banking assets provided by the BIS. The paper also presents empirical evidence on the determinants of the flow of foreign banking assets across countries of the EU and the Euro area. Banking integration in Europe is still low but it progresses over time. The empirical evidence also shows that integration is affected by both, competitive and institutional conditions so it can not be viewed as a uniform and balanced process across all countries. Finally, evidence is provided indicating that the introduction of the Euro has changed the pace and trend of European banking integration.

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    File URL: http://www.bde.es/f/webbde/SES/Secciones/Publicaciones/PublicacionesSeriadas/DocumentosTrabajo/05/Fic/dt0519e.pdf
    File Function: First version, August 2005
    Download Restriction: no

    Paper provided by Banco de Espa�a in its series Banco de Espa�a Working Papers with number 0519.

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    Length: 40 pages
    Date of creation: Aug 2005
    Date of revision:
    Handle: RePEc:bde:wpaper:0519
    Contact details of provider: Web page: http://www.bde.es/
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    17. James R. Barth & Gerard Caprio Jr. & Ross Levine, 2001. "Banking Systems around the Globe: Do Regulation and Ownership Affect Performance and Stability?," NBER Chapters, in: Prudential Supervision: What Works and What Doesn't, pages 31-96 National Bureau of Economic Research, Inc.
    18. Lieven Baele & Annalisa Ferrando & Peter Hördahl & Elizaveta Krylova & Cyril Monnet, 2004. "Measuring financial integration in the euro area," Occasional Paper Series 14, European Central Bank.
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